First Resources recorded a 47.8% increase in 1H20 earnings to US$43.2 million ($59.3 million) from the US$29.3 million a year ago.

Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 31.2% y-o-y to US$106.9 million.

Despite a 5.1% y-o-y decrease in sales of US$278.2 million for 1H20, the increase in earnings and EBITDA was mainly attributable to the higher selling prices for its crude palm oil (CPO) and refined products.

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