Global Palm Resources Holdings expects substantially lower revenue and net profit before tax for the second quarter ended 30 June 2010 (2Q2010) compared to first quarter ended 31 March 2010.

The reasons cited for the profit warning included lower crude palm oil and palm kernels production as a result of lower fresh fruit bunch yield from our palm trees due to biological tree stress as well as one-off IPO expenses in the quarter following the listing of the company on the SGX Mainboard.