22-05-2025
- Business
- New Straits Times
KL Kepong logs in higher net profit of RM154.27mil in Q2
KUALA LUMPUR: Kuala Lumpur Kepong Bhd (KL Kepong) posted a 31.8 per cent jump in net profit to RM154.27 million for its second financial quarter ended March 31, 2025 from RM117.07 million a year ago, on improved plantation profit.
KL Kepong's revenue rose 16.2 per cent to RM6.34 billion from RM5.46 billion a year earlier.
The company declared an interim dividend of 20 sen per share for the financial year ending Sept 30, 2025 payable on July 29.
KL Kepong said plantation profit improved to RM454.3 million in Q2 from RM357.7 million in the same quarter in 2024.
This was largely due to higher average selling prices of crude palm oil (CPO) and palm kernel.
Its manufacturing segment suffered a loss of RM38.3 million against the profit of RM56.7 million in Q2 FY2024.
This was dragged down by losses from the non-oleochemical division, refineries and kernel crushing operations.
Its property segment's profit dropped 53.6 per cent to RM3.5 million from RM7.6 million a year earlier.
For the cumulative six months, the company's net profit rose 8.9 per cent to RM374.73 million from RM344.01 million previously.
Its revenue grew 10.7 per cent to RM12.28 billion from RM11.09 billion.
KL Kepong executive chairman Tan Sri Lee Oi Hian said despite the volatile external environment, its plantation division had continued to deliver strong results.
"We anticipate production to improve in the second half of 2025, though fluctuations in CPO prices and external demand remain key uncertainties.
"Our oleochemical sub-segment's recovery remains encouraging, and we are closely managing challenges in the refining business.
"Moving forward, we remain watchful, focusing on operational efficiency, long-term value creation and sustainability," he said in a statement.
As of September 2024, KLK had about 300,000 hectares of planted area.
