Sarawak Oil Palms Berhad (5126.KL) Income Statement Analysis – Financial Results

About Sarawak Oil Palms Berhad

Sarawak Oil Palms Berhad, an investment holding company, engages in the Cultivation, processing, refining, and trading of palm products and operates palm oil mills in Malaysia, the Asia Pacific, and internationally. It operates through two segments, Oil Palm and Property Development. The company processes fresh fruit bunches into crude palm oil. As of December 31, 2022, it owned a landbank of approximately 123,034 hectares. The company also engages in the refining crude palm oil and crushing palm kernels into refined, bleached, and deodorised (RBD) palm oil; RBD olein; RBD stearin; palm fatty acid distillates; palm kernel expellers; and crude palm kernel oil. In addition, it offers tocotrienols and palm beta carotene. Further, the company is involved in the provision of insurance and transportation services, and corporate support and services; development of residential and commercial properties; processing of oil palm by-products into fertilizers; packaging and distribution of cooking oil; marketing, selling, and distribution of health and food products; manufacture of biodiesel and phytonutrient products; issuance of bonds; and management and maintenance of roads and barges, as well as physiotherapy and training centre, and health and medical related activities. Sarawak Oil Palms Berhad was incorporated in 1968 and is headquartered in Miri, Malaysia.