KLK net profit 34.6% lower

Lower prices: KLK’s plantation segment was affected by a decline in CPO and palm kernel prices.

PETALING JAYA: Kuala Lumpur Kepong Bhd’s (KLK) net profit for the second quarter ended March 31 fell by 34.6% to RM189.27mil, weighed down by its plantation segment.

Revenue fell as well by 14.4% to RM4.69bil from RM5.47bil in the same quarter a year ago.