27-05-2025
MKH Oil Palm reports strong Q2 profit of RM19.2 mil, declares 2 Sen dividend
Published on: Tuesday, May 27, 2025
Published on: Tue, May 27, 2025 Text Size: KUALA LUMPUR: MKH Oil Palm (East Kalimantan) Berhad (MKHOP) posted a 19.9 pc year-on-year rise in net profit to RM19.2 million for Q2 FY25, on the back of higher selling prices and new crude palm kernel oil sales. Revenue rose 11.8 pc to RM96.2 million. The company declared a 2 Sen interim dividend, payable on 25 June. MKHOP maintains a 50 pc dividend payout policy and delivered 4 Sen in dividends in FY24 (6.3 pc yield at 63 Sen share price). For the first six months, net profit surged 88.7 pc to RM51.2 million, or 79.7 pc of FY24's full-year earnings. Revenue grew 18.1 pc to RM198.8 million. Average Q2 prices were RM3,997/MT for CPO and RM3,043/MT for PK, with total FFB production at 92,829 MT. MKHOP's cash reserves hit a record RM243.6 million, with negligible debt. The company is undergoing due diligence for planned land acquisitions and currently owns 18,205 ha (17,009 ha planted). Chairman Tan Sri Dato' Alex Chen said the group's FY25 outlook remains strong amid steady CPO demand and continued operational improvements. The board expects satisfactory results for the full year ending 30 September 2025. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.
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