First Resources, the oil palm plantation company, increased its net profit attributable to shareholders (PATMI) by 7% to Rp1,169 billion ($158 million) for the year ended 31 December 2009 (FY2009). This was despite a 18% year-on-year (y-o-y) fall in revenue which was due mainly to a 24% drop in average crude palm oil (CPO) selling prices.
For FY2009, First Resources is proposing a final dividend of 1.18 cents per share, on top of the interim dividend of 1.00 cents per share paid in September 2009. This represents a 56% increase over last year’s dividend of 1.40 cents per share.
