Three divisions pull down KLK net income

PETALING JAYA: Plantation giant Kuala Lumpur Kepong Bhd (KLK) saw its net profit fall 29.3% to RM222.54mil in the second quarter ended March 31, from RM314.6mil a year earlier despite registering higher revenue due to lower contributions from its plantation, manufacturing and oleochemical divisions, which offset the higher earnings from the group’s property segment.

During the quarter in review, KLK’s revenue rose 4.5% to RM3.07bil from RM2.93bil. Its earnings per share (EPS) fell to 20.90 sen from 29.50 sen previously.