KLK doubles Q3 profit as palm oil prices soar

KUALA LUMPUR: Kuala Lumpur Kepong Bhd (KLK) said earnings more than doubled in the third quarter boosted by to higher palm oil prices, one-tome gains from disposals and favourable exchange rates.

Net profit in the three-month ended June 30 soared 112% to RM784mil from RM369mil a year ago.
Revenue jumped 39% to RM5.17bil, KLK said in a filing today.

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Kuala Lumpur Kepong , KLK , palm oil

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