Harn Len’s net loss narrows in Q2

The ASP for fresh fruit bunches was RM770 per tonne compared with RM430 per tonne in the second quarter of last year.

PETALING JAYA: Harn Len Corp Bhd’s losing streak continues for the third consecutive quarter, although the oil palm planter narrows its net loss by more than half on a year-on-year (y-o-y) basis.

Owing to stronger sales volume and higher average selling prices (ASP) of crude palm oil (CPO) and palm kernel, Harn Len’s net loss for the second quarter ended June 30, was RM2.6mil compared with RM5.8mil in the previous corresponding quarter.