KUALA LUMPUR: Kuala Lumpur Kepong Bhd
(KLK) reported its lowest quarterly profits in years after the plantation group booked in a huge loss on an estate in Liberia.
The group, in a filing with Bursa Malaysia today, also warned that earnings in the full year ending Sept 30, 2019 (FY19) will be reduced due to the depressed selling prices of crude palm oil (CPO) and palm kernel (PK) products.
Net profit in the third quarter ended June 30 fell 65% to RM48.6mil compared with RM139.9mil made a year ago.
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