KLK’s first-quarter bottom line soars 70%

In a filing with Bursa Malaysia yesterday, KLK said its plantation profit more than doubled to RM607.9mil during the quarter, boosted by significantly higher crude palm oil (CPO) and palm kernel (PK) selling prices.

PETALING JAYA: Kuala Lumpur Kepong Bhd’s (KLK) net profit for its first quarter ended Dec 31, 2021 surged nearly 70% to RM599.32mil from RM357.41mil in the previous corresponding period, boosted by strong performances from the group’s plantation and manufacturing divisions.

Revenue in the first quarter increased to RM6.83bil from RM4.30bil a year earlier.