Genting Plantations reports 24% drop in 3Q net profit
KUALA LUMPUR (Nov 27): Genting Plantations Bhd reported a 23.6% drop in its third-quarter (3QFY19) net profit to RM17.96 million, from RM23.51 million in the corresponding quarter last year, dragged mainly by weaker palm product prices, lower contribution from its property business, and losses at its biotechnology segment.
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