KUALA LUMPUR: Chin Teck Plantations Bhd's net profit for the fourth quarter ended Aug 31, 2009 fell 50% to RM14.94 million from RM30.08 million a year ago due to lower average selling prices of fresh fruit bunches, crude palm oil and palm kernel.</p></div>

<div class=newsTextDataWrapInner><p>The company said on Oct 30 that revenue fell 40% to RM30.07 million from RM50.07 million. Earnings per share were reduced to 16.35 sen from 32.93 sen.</p></div>

<div class=newsTextDataWrapInner><p>For FY ended Aug 31, 2009, it full year net profit fell 52.6% to RM46.31 million from RM97.72 million. Revenue also fell, down 32% to RM112.26 million from RM165.3 million.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"When compared with the quarter a year ago and 12-months period, revenue and overall profit after taxation fell in the 4Q and 12 months under review fell significantly mainly due to the substantial decline in the average selling prices of fresh fruit bunches, crude palm oil and palm kernel," it said.</p></div>

<div class=newsTextDataWrapInner><p>Chin Teck said the group's financial performance for the year ending Aug 31, 2010 would hinge on the volatility of the selling price of CPO. Overall, the group expected the financial year for FY ending Aug 31, 2010 to be satisfactory.

KUALA LUMPUR: Chin Teck Plantations Bhd's net profit for the fourth quarter ended Aug 31, 2009 fell 50% to RM14.94 million from RM30.08 million a year ago due to lower average selling prices of fresh fruit bunches, crude palm oil and palm kernel.

The company said on Oct 30 that revenue fell 40% to RM30.07 million from RM50.07 million. Earnings per share were reduced to 16.35 sen from 32.93 sen.

For FY ended Aug 31, 2009, it full year net profit fell 52.6% to RM46.31 million from RM97.72 million. Revenue also fell, down 32% to RM112.26 million from RM165.3 million.

"When compared with the quarter a year ago and 12-months period, revenue and overall profit after taxation fell in the 4Q and 12 months under review fell significantly mainly due to the substantial decline in the average selling prices of fresh fruit bunches, crude palm oil and palm kernel," it said.

Chin Teck said the group's financial performance for the year ending Aug 31, 2010 would hinge on the volatility of the selling price of CPO. Overall, the group expected the financial year for FY ending Aug 31, 2010 to be satisfactory.

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