Wednesday, May 25, 2011

Kuala Lumpur Kepong 1Q net profit up 73% to RM373.85m

KUALA LUMPUR: PLANTATION []s-based KUALA LUMPUR KEPONG BHD [] (KLK) posted a strong set of earnings in the first quarter, with net profit at RM373.85 million.

It said on Wednesday, May 25 the earnings were 73% higher than the RM215.93 million a year ago. Revenue also showed an increase, rising 24.6% to RM2.368 billion from RM1.90 billion a year ago.

Its earnings per share were 35.1 sen and the company declared an interim dividend of 15 sen per share, similar to a year ago.

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