KUALA LUMPUR: KUALA LUMPUR KEPONG BHD []'s (KLK) net profit for the first quarter ended Dec 31, 2010 rose 25.8% to RM304.19 million from RM241.82 million a year earlier, driven by profits from its PLANTATION []s sector.
It said on Wednesday, Feb 23 that plantations profit climbed 34.2% to RM314.6 million underpinned by the following higher average commodity prices.
Its manufacturing sector's profit was down slightly to RM19.5 million but the profit from retailing sector had increased marginally to RM53.6 million, it said.
Revenue for the quarter rose to RM2.42 billion from RM1.75 billion last year. Earnings per share were 28.56 sen, while net assets per share was RM5.92.
On its prospects, KLK said it expected favourable results in view of contribution from the plantations sector would be higher based on the prevailing strong commodity prices and the projected higher FFB production; and satisfactory performance from oleochemical division although the business remains competitive and challenging.
It said on Wednesday, Feb 23 that plantations profit climbed 34.2% to RM314.6 million underpinned by the following higher average commodity prices.
Its manufacturing sector's profit was down slightly to RM19.5 million but the profit from retailing sector had increased marginally to RM53.6 million, it said.
Revenue for the quarter rose to RM2.42 billion from RM1.75 billion last year. Earnings per share were 28.56 sen, while net assets per share was RM5.92.
On its prospects, KLK said it expected favourable results in view of contribution from the plantations sector would be higher based on the prevailing strong commodity prices and the projected higher FFB production; and satisfactory performance from oleochemical division although the business remains competitive and challenging.
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