PETALING JAYA: Plantation-based Batu Kawan Bhd
and its 46.57%-owned Kuala Lumpur Kepong Bhd (KLK) posted sharply higher earnings in their second quarter ended March 31, buoyed by the cyclical recovery in palm oil prices since the end of last year.
Batu Kawan said net profit jumped 49.85% to RM163.22mil from RM108.92mil, while revenue rose 31.01% to RM3.02bil versus RM2.31bil a year earlier.
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