Following the higher revenue, First Resources’ gross profit jumped 51.9% y-o-y to US$173.3 million. Gross profit margins remained stable at 42%, compared to 41% for the corresponding period the previous year.
First Resources has reported 1HFY2021 ended June earnings of US$32.6 million ($44.3 million), declining 16.7% y-o-y from US$39.1 million in 1HFY2020.
Revenue surged 48.4% y-o-y to US$412.9 million, boosted by strong production volumes and palm oil prices.
