CB Industrial Product Holding Berhad Reports Earnings Results for the First Quarter Ended March 31, 2023

CB Industrial Product Holding Berhad is a Malaysia-based investment holding company. The Company is engaged in the provision of management services to its subsidiaries. Its business segments include Palm oil equipment and engineering works, Palm oil plantation, Retrofitting special purpose vehicles and Refinery. The Palm oil equipment and engineering works segment is engaged in supplying palm oil mills. Its business is centered around the supply of machineries and turnkey construction of both the Modipalm Continuous Sterilisation and conventional palm oil mills for both the local and overseas oil palm plantation companies. The Palm oil plantation segment is involved in the cultivation of oil palm in Indonesia and Sarawak. The Retrofitting special purpose vehicles segment supplies various types of specialized vehicles, which include medium and heavy-duty trucks, fire-fighting vehicles, and ambulances. The Refinery segment is involved in the trading and processing of oil commodities.