Kim Loong sees stronger growth in FY23

KUALA LUMPUR: Kim Loong Resources Bhd, which posted a net profit of RM36.74mil in the third quarter ended Oct 31 (3Q), expects to perform well and achieve a record high revenue and profit for the financial year ending January 31, 2023 (FY23).

The group forecasts the fresh fruit bunch (FFB) production for FY23 could be 7% higher than the quantity achieved in FY22.