KUALA LUMPUR: Kuala Lumpur Kepong Bhd reported a decline in first quarter ended Dec 31 earnings, as weaker fresh fruit bunches (FFB) output and an unrealised loss on derivative contracts blunted the benefits of higher palm oil selling prices.
Net profit fell 33% to RM167mil, or 15.7 sen a share compared with RM251mil, 23.6 sen a share made a year ago.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!