PETALING JAYA: Chin Teck Plantations Bhd is looking forward to satisfactory results for financial year 2026 (FY26), despite volatile crude palm oil prices (CPO) caused by geopolitical conflict in the Middle East.

Nevertheless, the group said increased demand for global biodiesel is expected to support CPO prices.

In the third quarter ended May 31, 2026, Chin Teck posted a net profit of RM19.42mil, as compared to RM34.66mil in the year-ago quarter, on a revenue of RM59.03mil against RM80.24mil previously.

This brought a nine-month (9M26) cumulative net profit to RM57.17mil as compared to RM84.77mil in 9M25. Revenue during the period was slightly higher at RM214.14mil compared to RM212.82mil.

The board of directors declared a second interim dividend of eight sen per share and a special dividend of four sen per share, with the entitlement date for both on Aug 14 and payment date on Aug 28, 2026.

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