KUALA LUMPUR: Kim Loong Resources Bhd
is expecting a satisfactory performance as it enters the final quarter of its financial year.
In a stock exchange filing, the group said expects a 6-8% increase in fresh fruit bunch production in the current financial year, after taking into account the improved age profile of young productive palms
and on-going replanting programme. It said it targets to replant about 300-500ha during the financial year.
As for palm oil milling operations, the management expects to achieve a total processing throughput of 1.6 million MT of FFB for the current financial year.
It said the average CPO price for the financial year 2026 is expected to stay above RM4,200 per MT.
In the financial period ended Oct 31, 2025, Kim Loong posted a net profit of RM133.11mil, which was slightly under RM138.98mil recorded in the year-ago period. It said revenue was up to RM1.32bil from RM1.24bil in the same period in the previous financial year.
The board of directors declared a special dividend of three sen per share, with entitlement date on Jan 20, 2026, and payable on Feb 10, 2026.
