KUALA LUMPUR (May 29): Jaya Tiasa Holdings Bhd (KL:JTIASA) reported a net profit of RM40.93 million for the third quarter of financial year 2025 (3QFY2025), more than four times higher than RM9.89 million a year earlier. This was due to higher selling prices of crude palm oil (CPO) and palm kernel. Earnings per share rose to 4.23 sen from 1.02 sen.
In a filing with Bursa Malaysia, the company said revenue increased 16.7% for the quarter ended March 31, 2025 to RM244.54 million, helped by better sales in oil palm, timber, and other segments. Costs stayed about the same.
No dividend was declared for the quarter under review.
For the first nine months of FY2025, net profit grew 50.3% to RM187.77 million, with earnings per share rising to three sen. Revenue also increased 14.2% to RM903.63 million.
The group expects the palm oil market to stay weak due to lower soybean oil prices, seasonal higher CPO supply, and tariff issues affecting prices.
Jaya Tiasa said it plans to focus on sustainable resource management, improving efficiency, and boosting worker productivity to handle rising costs from wage increases and economic challenges.
Jaya Tiasa’s shares closed up 0.9% at RM1.16, with a market value of RM1.13 billion, though the stock is down 10.77% year-to-date.