First Resources (SGX:EB5) attributable profit to owners jumped 57% during the first half of the year to $234.9 million from $149.2 million a year earlier, according to a Thursday filing with the Singapore Exchange.
Earnings per share came in at $0.1517 compared with $0.0963 in the year-ago period.
Net sales surged 45% year over year to $973.6 million from $673.9 million.
The palm oil producer declared an interim dividend of SG$0.08 per share for the period, payable Sept. 10. It had declared an interim dividend of SG$0.045 per share in the prior period.
Shares of First Resources were up nearly 5% in Friday trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments