Rounding off the year, CPO prices
ended at RM2,485 per MT. Average
CPO price for the year stood at RM2,153
per MT.
TheGroup achieved an average net CPO
price of RM2,148 per MT, representing
a 11% decline when compared with
RM2,401 in 2014. Palm kernel prices
dropped by 9% to average at RM1,533
per MT for 2015.
OPERATIONS REVIEW
At the close of the year, our operations
spanned over 41 estates located in
Peninsular Malaysia, Sabah and Sarawak
with a combined land bank of 83,200
ha.
ceo’s rev i ew
RM
615
RM
95
Revenue
Profit BEFORE Tax
million
million
Area under cultivation stood at 65,700
ha comprising 59,100 ha of mature
palms and 6,600 ha of immature palms.
Area under cultivation excludes 12,800
ha for buildings and infrastructure,
unplanted areas and reserves. For the
financial year, the Group has further
excluded 4,700 ha, as the area was
unproductive resulting from the native
disputes in Sarawak.
We completed the disposal of non-core
land during the year which consisted of
121 ha of primarily quarry land in Kulai,
Johor. Additionally, 9 ha of land was
acquired by the Government for TNB
transmission lines in Kota Tinggi, Johor.
Bo ustead plantati o ns Berhad
12
