PETALING JAYA: Harn Len Corp Bhd
will maintain prudence as it continues to chart out various business strategies going forward, including efforts to increase efficiency and cost rationalisation, to counter any negative impact to its business operations.
The group believes that Indonesian biofuel mandate and the effect of La Nina weather is likely to support the price of crude palm oil (CPO) despite the current high stockpile, while predicting average CPO price for 2026 to remain above RM4,000 per tonne.
Releasing its results for the second quarter ended Nov 30, 2025 (2Q26) yesterday, Harn Len saw net profit more than double year-on-year (y-o-y) to RM15mil, as revenue also rose 10.9% to RM95.9mil.
On a cumulative basis, the group posted a 65.6% y-o-y surge in bottomline to RM19mil, driven by a 10.3% improvement in turnover to RM175.5mil.
This means earnings per share for the first half of the financial year ending May 2026 stood at 3.09 sen, compared to 2.03 sen a year ago.
