KUALA LUMPUR: Lotus KFM Bhd
is optimistic about its prospects, supported by its strategic diversification initiatives, including ventures into sustainable resources such as bioenergy material supplies and forest plantation operations.
“The group will continue to leverage its expertise and resources to navigate market challenges and seize opportunities in the coming year,” the flour producer said.
In the fourth quarter ended Sept 30 (4Q24), Lotus KFM reported a net profit of RM113,000, bringing its full-year net profit to RM154,000. Revenue for the quarter was RM13.8mil, contributing to a total revenue of RM50.7mil for the year.
“Despite a challenging start to 2024 our 4Q24 results reflect resilience and adaptability. The initial sales from our biomass segment mark an exciting step in our diversification strategy, laying the groundwork for enhanced revenue and profitability in the future.
“We are committed to further improving operational efficiencies and exploring growth opportunities to create long-term value for our stakeholders,” vice chairman Datuk Wong Sak Kuan said in a separate statement.
