KUALA LUMPUR: KUALA LUMPUR KEPONG BHD [] (KLK) posted a 27% increase in earnings to RM311.04 million from RM243.73 million a year ago, boosted by its PLANTATION []s sector though there was a decline in its manufacturing operations.
It said on Monday, Nov 29 revenue increased by 11.9% to RM2.014 billion from RM1.799 billion while earnings per share were 29.21 sen compared with 22.89 sen. It declared dividends of 45 sen per share, an increase from 30 sen a year ago.
At the pre-tax level, the group registered a 26.4% improvement to RM433.3 million.
Plantations profit was up 19.0% at RM350.3 million attributable to higher fresh fruit bunches (FFB) production, favourable commodity prices and lower crude palm oil (CPO) production cost.
'The average selling prices (ex-mill) of CPO and palm kernel (PK) achieved were RM2,432 per tonne and RM1,518 a tonne (4QFY2009: RM2,410 and RM1,162) respectively and that of all rubber grades (ex-factory) was RM11.21 a kg (4QFY2009: RM6.69),' it said.
Retailing sector's loss for this quarter dropped by 78.3% to RM9.0 million. The quarter's write-back on the allowance for diminution in value of investment amounted to RM76.0 million (4QFY2009: RM38.2 million).
'However, profit achieved by the manufacturing sector dipped 50.8% to RM26.1 million which was affected by lower returns from oleochemical division and the impairment of assets in one of the non-oleochemical subsidiary,' it said.
It said on Monday, Nov 29 revenue increased by 11.9% to RM2.014 billion from RM1.799 billion while earnings per share were 29.21 sen compared with 22.89 sen. It declared dividends of 45 sen per share, an increase from 30 sen a year ago.
At the pre-tax level, the group registered a 26.4% improvement to RM433.3 million.
Plantations profit was up 19.0% at RM350.3 million attributable to higher fresh fruit bunches (FFB) production, favourable commodity prices and lower crude palm oil (CPO) production cost.
'The average selling prices (ex-mill) of CPO and palm kernel (PK) achieved were RM2,432 per tonne and RM1,518 a tonne (4QFY2009: RM2,410 and RM1,162) respectively and that of all rubber grades (ex-factory) was RM11.21 a kg (4QFY2009: RM6.69),' it said.
Retailing sector's loss for this quarter dropped by 78.3% to RM9.0 million. The quarter's write-back on the allowance for diminution in value of investment amounted to RM76.0 million (4QFY2009: RM38.2 million).
'However, profit achieved by the manufacturing sector dipped 50.8% to RM26.1 million which was affected by lower returns from oleochemical division and the impairment of assets in one of the non-oleochemical subsidiary,' it said.
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