SD Guthrie Q1 profit dips on lower palm oil prices
SD Guthrie reported a 1% drop in Q1 profit to 560 million ringgit due to weak palm prices. The firm remains cautious but sees support from new biodiesel mandates.
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SD GUTHRIE BHD reported a 1% decline in first-quarter net profit to 560 million ringgit ($143.41 million) due to lower palm oil prices. Revenue fell 3% to 4.69 billion ringgit as crude palm oil traded at 4,115 ringgit per ton during the period. SD Guthrie said it was cautious on its outlook for the year, citing a volatile and policy-sensitive operating environment.
