Kuala Lumpur Kepong Q1 net profit surges 67% to RM128.2mil

Kuala Lumpur Kepong Bhd (KLK) has posted a net profit of RM128.2mil for its 1st quarter ended Dec 31, 2002, up 67% from RM76.7mil for the same period a year ago. The company attributed the better results to higher commodity prices that buoyed profit contribution from the group’s plantations business, which at the pre-tax level doubled to RM96mil from RM48mil previously. 

According to KLK, its performance for the current financial year to Sept 30 should “improve substantially over that of last year” in light of favourable commodity prices and higher fresh fruit bunches (FFB) production.