KLK said in its Bursa Malaysia announcement that its third-quarter performance was weighed down substantially by its plantation division on lower crude palm oil (CPO) and palm kernel prices, which fell by 14.3% and 36%, respectively
PETALING JAYA: Kuala Lumpur Kepong Bhd
’s (KLK) net profit for the third quarter ended June 30 fell 65% to RM48.62mil from RM139.87mil in the same quarter a year ago.
The plantation company’s third-quarter revenue also saw a decline by a smaller degree of 14.5% to RM3.7bil from RM4.33bil in the same quarter a year ago.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
