PETALING JAYA: Kim Loong Resources Bhd
is revising its fresh fruit bunches (FFB) production target down to 310,000 tonnes for the financial year ending Jan 31, 2027, representing a 6% drop from the preceding year.
In a filing with Bursa Malaysia, the company said the revision comes following the lower-than-expected FFB production achieved in the first half year.
For its second quarter ended July 31, 2026, net profit dropped to RM44.94mil from RM47.31mil in the previous corresponding period, while revenue dipped to RM422.76mil from RM436.19mil a year earlier.
For the six-month period ended July 31, 2026, Kim Loong’s net profit rose to RM100.12mil from RM89.23mil in the previous corresponding period, while revenue grew to RM872.42mil from RM847.91mil previously.
Kim Loong said its plantation operations recorded lower revenue and profit for the quarter and six-month period as compared to the corresponding periods last year, mainly due to lower FFB production, despite an increase in the average FFB selling price for the quarter and year-to-date periods.
“The plantation operations did not face problems in selling FFB produce as most of the produce was supplied to mills within the group,” it said. Kim Loong declared an interim single tier dividend of 5 sen per share in respect of the year ending Jan 31, 2027, to be paid on Nov 12, 2026.
