KLK posts surge in FY21 earnings to RM2.26bil

KUALA LUMPUR: Kuala Lumpur Kepong Bhd's full year net profit for its 2021 financial year surged nearly three times to RM2.26bil from RM772.6mil in the previous year on revenue that jumped 27.7% to RM19.92bil.

The plantations group said in a bourse filing that its net profit of RM625.8mil for the fourth quarter ended Sept 30,2021, was three times the net profit of RM208.82mil in the previous corresponding quarter as plantations profit surged on higher crude palm oil (CPO) and palm kernel (PK) prices.