Triple cheer for Kim Loong in Q4

KUALA LUMPUR: Kim Loong Resources Bhd’s net profit for its fourth quarter ended Jan 31, 2022 tripled to RM31.55mil from RM10mil in the previous corresponding period, boosted by higher palm oil prices.

In a filing with Bursa Malaysia yesterday, the oil palm plantations and milling firm said revenue in the fourth quarter grew to RM495.57mil from RM253.74mil a year earlier.

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Kim Loong Resources Bhd

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