JOHOR BAHRU, Feb 17 (Bernama) -- Johor Plantations Group Berhad (JPG) recorded profit before tax and zakat (PBT) in full year 2024 (FY2024) of RM346.2 million from RM186.92 million in full year 2023 (FY2023), a remarkable 85.2% jump from the previous year. Net profit grew 54.5% to RM256.1 million from RM165.7 million in FY2023. This performance was driven by 21.7% increase in revenue year-on-year (YoY) in FY2024, growing to RM1.5 billion from RM1.3 billion in FY2023.
In the fourth quarter 2024 (4QFY2024), PBT surged 47.4% to RM104.3 million from RM70.7 million in fourth quarter 2023 (4QFY23). Consecutively, net profit increased 29% to RM79.9 million in 4QFY2024 from RM61.9 million in 4QFY2023.
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