KUALA LUMPUR (Feb 21): PLS Plantations Bhd's net profit leapt to RM7.38 million for the second quarter ended Dec 31, 2021 (2QFY22), about six times the RM1.28 million it made in 2QFY21, on the back of higher revenue and better managed costs.

Earnings per share jumped to 1.85 sen from 0.35 sen, according to the planter's filing on Monday (Feb 21). Quarterly revenue more than doubled to RM57.26 million from RM27.65 million a year ago.

"The increases in revenue and profit before tax were mainly attributed to the improved contribution made from the sales of FFB due to significant increase in average selling price realised under the plantation segment, besides the sales for the frozen durian products under the manufacturing and trading segment to overseas customers especially in China," PLS Plantations said in the filing.