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Ministry of Agriculture and Food Industries to Improve Food Security for Malaysia

indie
6 minutes

KUALA LUMPUR, Aug 8, 2022 - (ACN Newswire via SEAPRWire.com) - Ministry of Agriculture and Food Industries (MAFI) has signed a Memorandum of Understanding (MoU) with PLS Plantations Berhad, a leading agrofood company in Malaysia, to conduct an in-depth study and put forward a proposal for the national food security programme.YBhg Dato' Haslina Binti Abdul Hamid, Secretary-General of MAFI, MAFI Minister YB Datuk Seri Dr. Ronald Kiandee, YAB Prime Minister of Malaysia Dato' Sri Ismail Sabri Bin Yaakob, PLS Plantations' Group Chairman YBhg Tan Sri Mohammed Nazir Bin Abdul Razak, and PLS Plantations' Group Chief Executive Officer Lee Hun Kheng.[L-R]The MoU was officiated by the Prime Minister of Malaysia, Yang Amat Berhormat Dato' Sri Ismail Sabri Bin Yaakob at the biennial Malaysia Agriculture, Horticulture and Agro Tourism (MAHA) 2022. Also present was the Minister of Agriculture and Food Industries, Yang Berhormat (YB) Datuk Seri Dr. Ronald Kiandee, and PLS Plantations' Group Chairman, Yang Berbahagia (YBhg) Tan Sri Mohammed Nazir Bin Abdul Razak. Also in attendance to sign the MoU were YBhg Dato' Haslina Binti Abdul Hamid, Secretary-General of MAFI, and PLS Plantations' Group Chief...

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PLS Plantations appoints Lee Hun Kheng as Group CEO to advance business transformation

indie
4 minutes

KUALA LUMPUR, Jul 1, 2022 - (ACN Newswire via SEAPRWire.com) - PLS Plantations Berhad announced the appointment of Lee Hun Kheng as the Group's Chief Executive Officer (CEO) effective today and retain his role as Executive Director of PLS Plantations. He will remain CEO of Aramijaya Agri & Agro Sdn. Bhd., a company that has been involved in developing innovating supply chain and forest management processes to create high quality sustainable forest products and services since 2002.Mr. Lee Hun KhengPLS Plantations' Independent Non-Executive Chairman, Tan Sri Nazir Razak said, "We are pleased to welcome Lee Hun Kheng as our new Group CEO. His role as CEO of Aramijaya, the Group's forest plantation subsidiary and his 19 years' experience in the upstream and downstream sectors of the plantations industry will be critical in helping PLS Plantations navigate the complex industry and dynamic environment, as the Group transforms itself into Malaysia's leading sustainable agrifood company.Mr. Lee's appointment is part of the Group's efforts to strengthen our senior management bench as the Group diversifies into commercial durian planting alongside cash crops and forest plantation.PLS Pla...

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PLS Plantations profits surge by 411.5% to RM13.3 million

indie
4 minutes

KUALA LUMPUR, May 30, 2022 - (ACN Newswire via SEAPRWire.com) - PLS Plantations Berhad today announced a 411.5% jump in their net profit for their third quarter financial performance for the period ended 31 March 2022 (Q3FY2022). The Company recorded a net profit before tax (PBT) of RM16.1 million, 455.1% higher compared to RM2.9 million recorded in the corresponding quarter for the period ended 31 March 2021 (Q4FY2021). PLS Plantations' net profit after taxation and minority interest (PATMI) in Q3FY2022 came in at RM12.4 million, 416.7% higher than RM2.4 million in Q4FY2021. Total revenue climbed to RM32.1 million, an increase of 169.8% from RM 18.9 million in Q4FY2021. The increase in revenue and PBT were mainly attributed to the improved contribution made from the sales of fresh fruit bunches (FFB), and frozen durian products from international markets, especially China, as well as the collection of progress payment monies generated under the construction arm.PLS Plantations' PATMI for the quarter stood at RM12.4 million, 67.6% higher than RM7.4 million recorded in the preceding quarter ended 31 December 2021 (Q2FY2022). However, total revenue recorded in Q3FY2022 saw a drop of ...

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PLS Plantations Showcases Performance Improvement with a 340% Net Profit Increase

indie
4 minutes

KUALA LUMPUR, Feb 21, 2022 - (ACN Newswire via SEAPRWire.com) - PLS Plantations Berhad ("PLS Plantations" or the "Company") today announced a 340% jump in the net profit for their second quarter financial performance for the period ended 31 December 2021 (Q2FY2022). The Company recorded a net profit after tax of RM9.97 million, a 4.4 times jump from RM2.26 million for the same quarter of the preceding year ended 31 December 2020 (Q2FY2021) on the back of higher revenue and managed costs.For the same quarter, PLS Plantations' profit before tax ("PBT") stood at RM14.0 million, 265% higher compared to RM3.84 million posted for the same period, Q2FY2021, due to higher sales and an increase in the profit after tax margin of 17.4% up from 8.2% for the period. The surge in revenue and profit before tax were mainly attributed to the improved Fresh Fruit Bunches ("FFB") selling price realised under the plantation segment, and the improved sales of frozen durian products under the manufacturing and trading segment to overseas customers. The Company, via its subsidiary continuously expanding their contracting and plantation development. Earnings per share stood at 1.77 sen (fully diluted) in ...