Kim Loong fourth quarter profit retreats to RM2.1mil


In a filing with Bursa Malaysia yesterday, the company said revenue during the fourth quarter slipped to RM181.03mil from RM198.52mil in the previous corresponding period.

PETALING JAYA: Kim Loong Resources Bhd’s net profit for its fourth quarter ended Jan 31,2020, dropped to RM2.05mil from RM3.15mil in the previous corresponding period, mainly due to lower fresh fruit bunches (FFB) and crude palm oil (CPO) production.

In a filing with Bursa Malaysia yesterday, the company said revenue during the fourth quarter slipped to RM181.03mil from RM198.52mil in the previous corresponding period.

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