PETALING JAYA: Analysts are mixed about United Malacca Bhd
’s latest second quarter of financial year 2024 (2Q24) results, but are generally optimistic about the planter securing better margins ahead.
TA Research said in a note, the group’s 2Q24 results came in above expectations and within consensus estimates.
“The deviation was mainly due to better-than-expected fresh fruit bunch (FFB) production and margins. “After stripping out exceptional items, the core net profit decreased by 3.4% year-on-year (y-o-y) to RM16.2mil this quarter,” the research house added.
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