KLK reports big jump in quarterly earnings on higher palm oil prices


KUALA LUMPUR: Plantation group Kuala Lumpur Kepong Bhd (KLK) expects profits in fiscal year ending Sept 30 (FY20) to be higher than the previous corresponding period on improved palm oil selling prices.

Net profit in the third quarter ended June 30 jumped to RM368.7mil compared with RM48.6mil a year ago.

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Kuala Lumopur Kepong , KLK , palm oil , CPO

   

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