KUALA LUMPUR: Boustead Holdings Bhd’s (BHB) net profit jumped to RM40.9 million in the first quarter (Q1) ended March 31, 2017 from RM9.5 million recorded in the same quarter a year ago.
In a filing to Bursa Malaysia, BHB said the recorded net profit in Q1 is due to better contribution from its plantation, finance and investment, and trading and industrial divisions.
Its revenue in the same quarter increased 27.9 per cent to RM2.38 billion from RM1.86 billion.
BHB has declared a first interim dividend of 2.5 sen in respect of the financial year ending December 31, 2017.
The dividend will be paid on June 23, 2017.