Kuala Lumpur: Shares of Johor Plantations Group Bhd (JPG) rose in early trade after recording a higher financial performance for the first quarter ended March 31, 2025 (1Q 2025). As of 11.45 am, JPG advanced 2.0 sen to RM1.20, with 1.73 million shares traded.

According to BERNAMA News Agency, for 1Q 2025, the company posted a higher net profit of RM75.93 million compared to RM49.97 million in the same period last year. This increase was attributable to higher crude palm oil and palm kernel prices. Revenue also rose to RM340.43 million in 1Q 2025 compared to RM294.91 million in the same period last year, while earnings per share for the quarter increased to 3.04 sen from 2.45 sen a year ago.

RHB Investment Bank Bhd noted that JPG’s 1Q 2025 earnings aligned with its estimates. The bank anticipates a slight weakening of earnings quarter-on-quarter in the future, due to moderating average selling prices, but expects this may be offset by improving productivity.

Overall, the investment bank has revised JPG’s financial year 2025-2027 earnings projections down by 5.0 percent each, after adjusting for slightly lower fresh fruit bunch growth assumptions and higher unit costs.