PETALING JAYA: Kim Loong Resources Bhd
is maintaining its target for a 5% growth in fresh fruit bunch (FFB) production for the financial year ending Jan 31, 2027, despite a lower-than-expected FFB production achieved in the first quarter.
In a filing with Bursa Malaysia, the plantation company said its projected target is underpinned by the improved age profile of young productive palms and its on-going replanting program.
“The group targets to replant about 700 hectares in the financial year 2027. As for palm oil milling operations, the management expects to achieve an optimum processing throughput of 1.6 million tonnes of FFB for the financial year 2027.”
In terms of crude palm oil (CPO) price prospects, Kim Loong said it expects the average CPO price for the financial year 2027 to stay in the range of RM4,000 - RM4,500 per tonne.
Based on the above, we expect the group to perform satisfactorily for the financial year 2027.”
For the first quarter ended April 30, 2026, Kim Loong’s net profit rose to RM55.18mil from RM41.92mil in the previous corresponding quarter, mainly due to better processing margin from milling operations.
Revenue during the quarter grew to RM449.66mil from RM411.72mil a year earlier.
Kim Loong said FFB production for the current year-to-date was 19% lower as compared to the corresponding period last year, whilst the CPO production was 6% higher.
