KUALA LUMPUR: Integrated agro-based group QL Resources Bhd
’s net profit inched up to RM100.76 million in the first quarter ended June 30, 2026 (1Q FY2027) from RM100.60 million in the same period last year.
Revenue for the quarter under review increased by eight per cent to RM1.85 billion from RM1.72 billion previously, driven by strong performance from marine product manufacturing (MPM) and integrated livestock farming (ILF) activities, it said in a filing with Bursa Malaysia today.
"MPM's revenue rose by 18 per cent to RM384.26 million from RM324.97 million year-on-year (y-o-y), driven by strong performance of fishmeal with higher volume while selling price rebounded strongly from last year with low catch in Peru due to El-Nino as well as good performance of all other activities.
"ILF’s current‑quarter revenue increased by nine per cent to RM943.02 million from RM863.73 million in the corresponding quarter, mainly contributed by higher feed raw material trading volume,” it said.
On prospects, the group continues to manage cost pressures arising from expanded Sales and Service Tax (SST) measures and subsidy rationalisation as well as intense competition in the retail sector.
"Nevertheless, QL Resources remains cautiously optimistic, supported by resilient demand for staple food products, ongoing operational improvements across its core businesses and growing opportunities in renewable energy and water treatment solutions under BM Greentech.
"Barring any unforeseen circumstances, the group expects to deliver a satisfactory performance in the coming quarter,” it added. - Bernama
