KUALA LUMPUR: Kim Loong Resources Bhd
’s web revenue jumped 38% to RM39.23mil in the first quarter ended April 30, from RM29.38mil in the identical interval final 12 months, pushed by contributions from its plantation operation.
IKUn a submitting with Bursa Malaysia yesterday, the corporate mentioned income for the quarter surged 63% to RM509.74mil in opposition to RM312.45mil a 12 months in the past.
“The good performance for the current financial year-to-date was mainly due to higher average selling prices of fresh fruit bunches (FFBs) and crude palm oil (CPO) by 56% and 58%, respectively, ‘Kim Loong said.
“The good performance for the current financial year-to-date was mainly due to higher average selling prices of fresh fruit bunches (FFBs) and crude palm oil (CPO) by 56% and 58%, respectively.
“On the other hand, FFB production was higher by 7% while the CPO production had increased by 2%,” it mentioned in the notes accompanying its monetary outcomes.
