KLK posts lower Q1 earnings on weaker output


KLK's net profit fell 33% to RM167mil, or 15.7 sen a share compared with RM251mil, 23.6 sen a share made a year ago.

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.

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