The share price of Subur Tiasa Holdings Bhd showed a drastic jump in the trading session on Bursa Malaysia today after recording a lucrative net profit rate.
At 10.44am, the counter's share price 'rocketed' 18 sen or 25% to 88 sen with 2.21 million shares traded.
The surge has also supported Subur Tiasa shares to be listed as the highest gainer counter today and has a market capitalization of RM181.61 million.
Subur Tiasa has achieved a net profit of RM19.37 million for the period May 1 to July 31, 2021 from last year which it recorded a net loss of RM26.75 million.
Following this aspect, the company's revenue also jumped 47.35% to RM106.46 million compared to RM72.25 million in the same period last year.
The income and profit before tax of the oil palm segment also saw an increase of RM32.9 million and RM24.1 million in the last quarter.
Which was driven by the surge in crude palm oil (CPO) prices of around 79% from RM2,335 per tonne to RM4,183 per tonne.
Apart from that, the timber segment revenue increased 4.35% to RM42.71 million from RM40.93 million while the loss before tax decreased by 59.35% to RM5.34 million from RM13.14 million.
