PETALING JAYA: Kim Loong Resources Bhd
is targeting to achieve 5 - 10% increase in fresh fruit bunch (FFB) production for the current financial year ending Jan 31, 2026, after taking into account the better age profile of young palms productive area and on-going replanting program.
In a filing with Bursa Malaysia, the company said it targets to replant about 300 - 500 hectares in the financial year 2026.
For the fourth quarter ended Jan 31, 2025, Kim Loong’s net profit dipped to RM22.8mil from RM24.91mil in the previous corresponding period, while revenue rose to RM443.32mil from RM365.16mil a year earlier.
For the financial year ended Jan 31, 2025, Kim Loong’s net profit rose to RM161.78mil from RM147.75mil in the previous corresponding period, while revenue grew to RM1.68bil from RM1.53bil a year earlier.
Kim Loong said the performance was mainly due to higher FFB and crude palm oil (CPO) prices by 16% and 12% respectively.
“On the other hand, the FFB production for the current year-to-date was 6% lower as compared to the corresponding period last year, whilst the CPO production was marginally lower.”
