Rimbunan Sawit reports RM10 million revenue loss from Ulu Teru estate blockade

Rimbunan Sawit Bhd disclosed that a blockade of the primary access route to its Ulu Teru Estate in Sarawak resulted in an estimated RM10 million reduction in revenue. The company filed the assessment with Bursa Malaysia, noting that the blockage, which began on June 18, halted harvesting and the movement of fresh fruit bunches and other estate activities. Authorities removed the blockade on Sept 15, allowing the subsidiary PJP Pelita Ulu Teru Plantation Sdn Bhd to fully resume operations by Sept 21.

Management said the board will continue to oversee the situation and take steps to protect the firm’s interests. The loss reflects the financial impact of logistical disruptions on palm-oil production.