Bountiful harvested FFB being transported by lorries to our CPO mill For FY2024, the Plantation Division recorded higher revenue of RM352.2 million and a 119% increase in profit before tax to RM82.0 million for the current year as compared to the preceding year of RM338.0 million and RM37.5 million respectively mainly due to higher CPO production as a result of higher OER of 21.2% in the current year as compared to the preceding year of 20.6%, coupled with the increase in average CPO and palm kernel selling price per MT. Recognising the importance of innovation in creating value for our businesses, our oil palm plantation in East Kalimantan, Indonesia continue to enhance the usage of mechanical assisted fresh fruit bunches (FFB) collection and drones to monitor palm growth, palm census and water flow management. The Plantation Division updated Aerial view of our jetty loading bay beside the Mahakam river in East Kalimantan, Indonesia PMMS Apps to track FFB evacuation from field to mill, fertiliser application, harvesting interval and monitor contractors’ trucks, optimising FFB crop evacuation efficiency. These measures contribute to efficient estate management and enable us to maximise CPO production and operational efficiency. Sustaining Lives, Empowering Communities Governance That Inspires Confidence Financial Insights Through Numbers Empowering Ownership PG. 51
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