KLK said profit for its plantation segment was substantially higher at RM277.9mil, compared with RM145.7mil in the previous corresponding period, supported by better crude palm oil (CPO) and palm kernel prices.
PETALING JAYA: Kuala Lumpur Kepong Bhd
’s (KLK) net profit for its second quarter ended March 31, surged to RM490.44mil from RM27.89mil in the previous corresponding period, driven by better profits from its plantation, manufacturing and property development segments.
In a filing with Bursa Malaysia yesterday, the company said profit was also aided by foreign exchange gains in the corporate segment, surplus on sales of plantation land and government acquisition.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
