22-05-2025
- Business
- Malaysian Reserve
KLK posts 32% rise in 2Q profit; declares 20 sen dividend
KUALA Lumpur Kepong Bhd (KLK) reported a 31.8% year-on-year increase in net profit to RM154.27 million for the second quarter ended March 31, 2025 (2Q25), supported by stronger plantation performance.
Earnings per share rose to 14.0 sen from 10.8 sen, while revenue climbed 16.2% to RM6.34 billion.
The group declared a 20 sen interim dividend, payable on July 29.
Plantation profit surged to RM454.3 million, thanks to higher average selling prices of crude palm oil and palm kernel.
However, the manufacturing segment posted a loss of RM38.3 million, dragged by the non-oleochemical division, refinery, and kernel crushing operations.
The property segment's profit also halved to RM3.5 million.
For the first half of FY2025, net profit rose 8.9% to RM374.73 million on RM12.28 billion revenue.
KLK executive chairman Tan Sri Lee Oi Hian said the group expects production to pick up in the second half but remains cautious due to CPO price volatility and demand uncertainties.
KLK shares ended 4 sen lower at RM19.62, valuing the group at RM21.9 billion. — TMR
