MKHOP sees strong FY25 outlook supported by steady CPO demand
MKH Oil Palm (East Kalimantan) Bhd chairman Tan Sri Alex Chen Kooi Chiew @ Cheng Ngi Chong.
KUALA LUMPUR: MKH Oil Palm (East Kalimantan) Bhd's (MKHOP) outlook for the financial year ending Sept 30, 2025 (FY25) remains strong.
Chairman Tan Sri Alex Chen Kooi Chiew @ Cheng Ngi Chon said this was supported by steady market demand for crude palm oil (CPO), which has been trading at around RM3,600 to RM3,800 per tonne (net of export levy and duty) in Indonesia.
'The group continues to undertake proactive measures on its operations; including enhancing our water management system and maximising crop collection and quality via on-going mechanisation efforts.
'Given the above, the board of directors expected the group to achieve satisfactory results for FY25,' Chen said in a statement.
In the second quarter ended March 31, MKHOP's net profit rose 20% to RM19.2mil, or earnings per share of 1.89 sen compared with RM16mil, or 2.36 sen posted in the year-ago quarter.
Revenue for the quarter climbed 11.8% to RM96.2mil against RM86mil last year.
MHKOP said the good results were due to higher average selling price for CPO and palm kernel (PK), coupled with the commencement of crude palm kernel oil sales in February 2025.
The company also declared a first interim single-tier dividend of 2 sen per share for the quarter to be paid on June 25 to shareholders whose names appear on the company's record of depositors on June 12.
MKHOP has a policy of declaring 50% of its net earnings as dividends, taking into account the group's working capital requirements.
Meanwhile, on a six-month basis, MKHOP's net profit was up 88.7% to RM51.2mil compared to the first half of FY24. Revenue was up 18.1% to RM198.8mil for the same period.
Financially, MKHOP remains strong with negligible borrowings. Its cash pile increased to a record RM243.6mil for the period, from RM236.2mil in the previous quarter.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
4 hours ago
- The Star
Cambodia tourism minister suggests additional South Korean air links
PHNOM PENH: Cambodia has requested that Asiana Airlines explore the possibility of operating flights between South Korea and the Kingdom's Siem Reap and Preah Sihanouk provinces. At present, the Seoul-headquartered airline flies to Phnom Penh. Prior to the outbreak of the Covid-19 pandemic, the airline served Cambodia's two provincial international airports. This proposal was raised by Minister of Tourism Huot Hak, during a June 5 meeting with Park Jongman, vice-CEO and head of Passenger Affairs at the airline, in Seoul. During the meeting, Hak expressed his appreciation for the company's contribution to providing safe and comfortable air transport services between Cambodia and South Korea. He urged the airline to consider expanding its direct flights to Siem Reap and Preah Sihanouk, which are both considered popular tourist areas in Cambodia. 'We requested continued assistance and suggested examining the possibility of further expansion through direct and regular flights to Siem Reap and Preah Sihanouk provinces, which are popular tourist destinations, to provide a level of convenience to Korean and other international guests and investors travelling to Cambodia,' he said. Sinn Chanserey Vutha, spokesperson for the State Secretariat of Civil Aviation (SSCA), told The Post on June 9 that the authorities are constantly working to attract more international airlines and foreign visitors to Cambodia. 'We welcome all airlines wishing to fly to Cambodia. The country is fully prepared to receive flights as well as tourists and foreign investors coming to visit Cambodia,' he said. On Sept 9, the new Techo International Airport will commence operations. The facility is a 'Greenfield' airport, meaning it was built on area that was previously undeveloped land, in this case, 2,600 hectares in Kandal province, about 19km south of Phnom Penh. A 4F-category airport, it was designed to accommodate large aircraft such as the Airbus A380-800 and Boeing 747-800. The airport is being developed in three phases, Phase 1 (2020–2030) will handle 15 million passengers per year, Phase 2 (2030–2050) will see capacity grow to 30 million and Phase 3 (after 2050) will reach 45 million. - The Phnom Penh Post/ANN
New Straits Times
7 hours ago
- New Straits Times
Palm rangebound; traders await MPOB data and export estimates
KUALA LUMPUR: Malaysian palm oil futures traded in a tight range on Tuesday, as traders awaited cargo surveyors' export estimates and the Malaysia Palm Oil Board's supply and demand data for further cues. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange gained RM1, or 0.03 per cent, to RM3,926 (US$927.69) a metric ton in early trade. The contract has so far risen for the third straight session. Dalian's most-active soyoil contract rose 0.23 per cent, while its palm oil contract added 0.56 per cent. Soyoil prices on the Chicago Board of Trade were up 0.87 per cent. Palm oil tracks price movements of rival edible oils, as it competes for a share of the global vegetable oils market. The MPOB is expected to release its May supply and demand data later in the day. Cargo surveyors are expected to release Malaysian palm oil export estimates for May 1-10 later in the day. Oil prices edged up as market participants waited for the outcome of US-China talks that could pave the way for easing trade tensions and improve fuel demand. Stronger crude oil futures make palm a more attractive option for biodiesel feedstock. The ringgit, palm's currency of trade, weakened 0.07 per cent against the dollar, making the commodity slightly cheaper for buyers holding foreign currencies. Palm oil remains neutral in a widened range of RM3,889 to RM3,961 per metric ton, and an escape could suggest a direction, Reuters technical analyst Wang Tao said. Stocks were buoyant and the dollar remained on guard on Tuesday as trade talks between the United States and China were set to extend to a second day, with tentative signs tensions between the world's two largest economies could be easing.
Daily Express
9 hours ago
- Daily Express
Shocked to be served over RM3,800 in ‘arrears': Former stall trader wants answers
Published on: Tuesday, June 10, 2025 Published on: Tue, Jun 10, 2025 By: Oswald Supi Text Size: An extract from the Notice of Demand. PENAMPANG: A former stall trader at Donggongon vegetable and fruit market was speechless when a Penampang Municipal Council worker was able to locate her at a coffee shop on Sunday to serve a final Notice of Demand for licence fees and rental amounting to RM3,864, purportedly in arrears since March 2018. Helen, 72, from Penampang said she paid her last rental and surrendered stall number 34 in February 2018, and found it outrageous of the Council to claim seven years of unpaid bills. Advertisement She said no notices or claims of any kind were received all those years despite the letter claiming the last notice was served on Jan 10 this year. A former District Officer (DO), when asked, said after three months of unpaid rentals, the stall would be forfeited and given to others. Sub-letting is also not allowed. The ex-DO opined that there are old Council records that were not properly maintained or updated. Subscribe or LOG IN to access this article. Support Independant Journalism Subscribe to Daily Express Malaysia Access to DE E-Paper Access to DE E-Paper Exclusive News Exclusive News Invites to special events Invites to special events Giveaways & Rewards 1-Year Most Popular (Income Tax Deductible) Explore Plans Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
