KLK posts surge in FY21 earnings to RM2.26bil


KUALA LUMPUR: Kuala Lumpur Kepong Bhd full yr internet revenue for its 2021 monetary yr surged practically thrice to RM2.26bil from RM772.6mil within the earlier yr on income that jumped 27.7% to RM19.92bil.

The plantations group stated in a bourse submitting that its internet revenue of RM625.8mil for the fourth quarter ended Sept 30,2021, was thrice the online revenue of RM208.82mil within the earlier corresponding quarter as plantations revenue surged on increased crude palm oil (CPO) and palm kernel (PK) costs.

Group income in This fall was RM5.93bil, a 48.24% leap over RM4bil posted within the earlier corresponding quarter on the again of robust earnings within the plantations and manufacturing segments.

Earnings per share rose to 58 sen kind 19.40 sen within the comparative quarter.

The plantations phase reported a a lot improved efficiency following a leap in CPO and PK costs, increased CPO gross sales quantity, revenue contribution from newly acquired IJM Plantations Bhd and higher revenue from processing and buying and selling operations.

In This fall, CPO costs jumped 52% year-on-year (y-o-y) to RM3,631 per metric tonne, whereas PK costs surged 58.4% to RM2,213 per metric tonne.

In the meantime, the group’s manufacturing phase posted a 21.3% enchancment in revenue to RM144.3mil on the again of 35.4% increased income of RM2.99bil.

The property growth enterprise’ revenue halved to RM14.6mil whereas income slipped to RM66.6mil.

Within the group’s funding holdings, there was a recognition of fairness revenue of RM242mil from an abroad affiliate, Synthomer plc.

Transferring ahead, the group stated the efficiency of the plantations phase in FY22 is anticipated to be higher on the again of robust CPO costs and revenue contribution from the newly purchase plantation subsidiaries.

Regardless of challenges from unstable uncooked materials worth actions and logistic points attributable to the pandemic, the oleochemical division is anticipated to take care of its efficiency.

“Total, the group is anticipated to maintain its robust efficiency going into monetary yr 2022,” it stated.

It added that the administrators will suggest the fee of a closing dividend for the monetary yr at a later date.

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