Latest news with #RM5.46
New Straits Times
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.
New Straits Times
26-04-2025
- Business
- New Straits Times
KPKT allocates over RM5.4mil for development, infrastructure projects in Teluk Intan
IPOH: The Housing and Local Government Ministry (KPKT) has allocated about RM5.46 million for development and infrastructure upgrades in Teluk Intan. Its Minister Nga Kor Ming said the funds would support projects under the Teluk Intan Municipal Council (MPTI) and the New Village Development Projects. Of the total, RM4.16 million has been allocated for 22 development projects in Chinese new villages across the Hilir Perak district, while RM300,000 will fund the construction of a covered badminton court in Kampung Baru Pasir Bedamar, he said. A further RM1 million has been allocated to upgrade the Glutton Square Baru Food Court, with the works to be overseen by MPTI, Nga said. He made the announcement in a statement issued during a working visit to Teluk Intan as part of the ministry's Sentuhan Kasih 3.0 programme. He also inspected progress at the food court site and later officiated the badminton court, which was completed on Nov 25.
Malay Mail
26-04-2025
- Business
- Malay Mail
Teluk Intan to get RM5.46m in infrastructure upgrades, including RM1m ‘Glutton Square' food court facelift
IPOH, April 26 — The Housing and Local Government Ministry (KPKT) has allocated about RM5.46 million (RM 5,459,690) for development and infrastructure upgrades in Teluk Intan. Minister Nga Kor Ming said the funds would support projects under the Teluk Intan Municipal Council (MPTI) and the New Village Development Projects. Of the total, RM4.16 million (RM4,159,690) has been allocated for 22 development projects in Chinese new villages across the Hilir Perak district, while RM300,000 will fund the construction of a covered badminton court in Kampung Baru Pasir Bedamar, he said. A further RM1 million has been allocated to upgrade the Glutton Square Baru Food Court, with the works to be overseen by MPTI, Nga said. He made the announcement in a statement issued during a working visit to Teluk Intan as part of the ministry's Sentuhan Kasih 3.0 programme. He also inspected progress at the food court site and later officiated the badminton court, which was completed on Nov 25. — Bernama
Barnama
26-04-2025
- Business
- Barnama
KPKT Allocates Over RM5.4 Mln For Development, Infrastructure Projects In Teluk Intan
IPOH, April 26 (Bernama) -- The Housing and Local Government Ministry (KPKT) has allocated about RM5.46 million (RM 5,459,690) for development and infrastructure upgrades in Teluk Intan. Minister Nga Kor Ming said the funds would support projects under the Teluk Intan Municipal Council (MPTI) and the New Village Development Projects. Of the total, RM4.16 million (RM4,159,690) has been allocated for 22 development projects in Chinese new villages across the Hilir Perak district, while RM300,000 will fund the construction of a covered badminton court in Kampung Baru Pasir Bedamar, he said.
