Kim Loong net profit falls to RM16.8mil


PETALING JAYA: Kim Loong Resource Bhd’s net profit for its third quarter ended Oct 31, 2018 dropped to RM16.83mil from RM28.27mil in the previous corresponding period, mainly due to lower fresh fruit bunches (FFB) production and palm oil prices.

In a filing with Bursa Malaysia yesterday, the company said revenue in the third quarter dropped to RM227.64mil from RM289.42mil a year earlier

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Business , Kim Loong , quarter , FFB

   

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