Lower deliveries weigh on Johor Plantations as quarterly profit falls 5.4%
An interim dividend of 1.5 sen per share will be paid on Dec 10, compared with 1.75 sen for the corresponding quarter a year earlier.
Lower palm product deliveries weighed on Johor Plantations Group Bhd’s third-quarter earnings despite firmer selling prices, according to its bourse filing. For the quarter ended Sept 30, 2026, net profit came to RM100.26 million, down 5.4% against the previous year’s RM106.04 million.
The group reported earnings per share of 1.50 sen, versus 1.75 sen previously. It also declared a smaller interim dividend: shareholders will receive 1.5 sen per share on Dec 10, compared with the year-earlier payout of 1.75 sen.
Within upstream operations, crude palm oil (CPO) deliveries fell 16.8% year-on-year, while palm kernel (PK) deliveries declined 14.7%. Average selling prices moved higher: CPO fetched RM4,732 per metric tonne, an increase of 6.5%, while PK rose 7.4%, reaching RM3,816 per MT.
The upstream segment generated RM343.88 million in revenue, a reduction of 8.5%. Midstream revenue was RM126.2 million, falling 5.5%.
For 9MFY2026, the group recorded net profit of RM201.76 million, a 21.5% drop against RM257.16 million a year earlier. Revenue stood at RM1.22 billion, slipping 0.9% from RM1.23 billion.
Johor Plantations expects broadly range-bound CPO prices in 4QFY2026. The group said seasonal consumption and biodiesel demand would offer support, but elevated inventories could restrict substantial price gains.
At the close, Johor Plantations shares stood at RM1.80, up five sen or 2.86%. The group’s market valuation was RM4.5 billion.
