PETALING JAYA: Plantation company Kuala Lumpur Kepong Bhd
’s (KLK) net profit in its second quarter ended March 31, 2019 (2Q19) rose 34.6% to RM142.95mil from RM106.15mil a year ago, mainly due to a surplus of RM25.6mil arising from government acquisition of plantation land.
In a Bursa Malaysia filing yesterday, the company said its property segment had also recorded a higher profit of RM7.1mil in 2Q19 from RM6.6mil a year ago despite a decline in revenue to RM34.8mil in the quarter.
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