Plantation ops to drive KLK earnings

PETALING JAYA: Kuala Lumpur Kepong Bhd (KLK) expects its plantation segment to remain the backbone of the group’s financial results, going forward.

For its first quarter ended Dec 31, 2023, KLK’s net profit dropped to RM226.94mil from RM443.04mil, while revenue dipped to RM5.64bil from RM6.71bil a year earlier.

Basic earnings per share stood at 21 sen versus 41.10 sen previously.