KLK takes cautious stance on second-half prospects

“Overall, the group expects its financial performance for the second half of FY23 to be significantly lower,” KLK said.

KUALA LUMPUR: Kuala Lumpur Kepong Bhd (KLK) expects weaker profitability from the plantation segment as the second half of the financial year ending Sept 30 (FY23) is expected to see lower demand compared to the same period last year.

“The group has made efforts to improve estate management, especially in the acquired estates, and clearing of backlog operation works with the return of adequate guest workers in Peninsular Malaysia,” KLK said in the notes accompanying its financial results on Bursa Malaysia yesterday.