KLK announced yesterday its pre-tax profit surged 64% to RM568.9mil for the financial year ended Sept 30 from RM347.1mil a year before.
Turnover rose 41% to RM3.47bil for the year compared with RM2.47bil in the previous fiscal year.
Net profit jumped 55% to RM394.7mil from RM255mil previously, while earnings per share (EPS) came in at 55.59 sen compared with 35.92 sen.
For the fourth quarter ended Sept 30, KLK's pre-tax profit increased 45% to RM157.7mil from RM108.8mil in the previous corresponding period.
Quarterly revenue grew nearly 30% to RM907.3mil from RM700.5mil and net profit was also higher at RM103.8mil against RM67.3mil a year before.
EPS for the quarter rose sharply to 14.62 sen from 9.47 sen.
The KLK board has declared higher dividend per share of 19 sen for the quarter compared with 14 sen previously.
The latest dividend raised the group's total dividend for the year to 25 sen compared with 20 sen in the previous year.
Meanwhile, PPB recorded 55% rise in pre-tax profit to RM526.2mil for the nine months ended Sept 30, compared with RM340.3mil a year before.
Turnover increased 19% to RM6.75bil from RM5.65bil previously, while net profit surged 59% to RM271.5mil from RM170.7mil. EPS was also higher at 55.34 sen against 34.79 sen.
For the third quarter ended Sept 30, the PPB group recorded pre-profit of RM196.7mil, up 25% from RM157.7mil in the previous corresponding quarter.
Quarterly turnover was 15% higher at RM2.5bil against RM2.17bil. Net profit expanded 31% to RM102.8mil from RM78.2mil previously.
PPB said the significant increase in profit was largely due to improved performance from the food manufacturing activities, edible oils refining and oil palm plantation operations.
Its plantation unit PPB Oil Palms Bhd announced a pre-tax profit of RM154.7mil for the nine months ended Sept 30, up 69% from RM91.4mil a year ago.
It said PPB Oil Palm’s turnover rose to RM332.7mil from RM274.7mil. Net profit surged 68% to RM107.2mil compared with RM63.9mil.
EPS grew to 24.11 sen from 14.74 sen previously.
For the quarter ended Sept 30, PPB Oil Palms achieved a 56% jump in pre-tax profit to RM59mil from RM37.8mil a year ago on a 14% higher turnover of RM125.7mil against RM110.5mil previously.
Net profit came in at RM40.5mil compared with RM25.5mil, and EPS was at 9.11 sen against 5.80 sen formerly.
The company said the higher profit was mainly due to higher production, better palm product prices and significantly higher contributions from the refining associated company.
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