Johor Plantations posts 32.0% fall in 2Q net profit despite higher revenue

Johor Plantations Group Bhd’s net profit fell 32.0% year-on-year to RM51.2m for the second quarter ended June 30, 2026 (2QFY2026), weighed down by higher production costs even as revenue rose.

The group posted net profit of RM75.19 million in the same quarter a year earlier (2QFY2025). Earnings per share fell to 2.05 sen this quarter from 3.01 sen in 2QFY2025. Quarterly revenue rose 4.4% to RM415.8m, from RM398.3m in 2QFY2025, mainly driven by higher crude palm oil (CPO) sales.

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