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.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Kuala Lumpur Kepong , KLK , palm oil

Next In Business News

Ringgit likely to trade cautiously next week ahead of key US data
Watts from water
Singapore’s financial sector a big winner
Up in Arms - or up the value chain?
Asia bonds for diversification
Smart city can’t beat the traffic
Powering a new reinvestment cycle as demand surges
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming

Others Also Read