Wednesday, August 17, 2011

KLK rises on higher earnings

KUALA LUMPUR: KUALA LUMPUR KEPONG BHD []'s (KLK) shares advanced on Wednesday, Aug 17 after its earnings for the 3Q ended June 30, 2011 increased by 31.9% to RM432.76 million from RM243.54 million a year ago, boosted mainly by the PLANTATION []s sector.

At 9.30am, KLK added 40 sen to RM21.50 with 136,700 shares traded.

Revenue rose at a stronger pace of 62% to RM2.95 billion from RM1.82 billion. Earnings per share were 40.64 sen compared with 22.87 sen.

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