KLK Posts Higher 2Q Net Profit Of RM294.04 Mln

KUALA LUMPUR, May 18 (Bernama) -- Kuala Lumpur Kepong Bhd (KLK) posted a higher net profit of RM294.04 million in the second quarter ended March 31, 2026 (2Q 2026) from RM154.26 million in the same quarter of FY2025.

In a filing with Bursa Malaysia, the group attributed the improved performance mainly to the manufacturing segment and sales.

Revenue rose to RM6.54 billion from RM6.33 billion previously.

Nonetheless, notwithstanding a higher revenue of RM5.704 billion, the manufacturing segment recorded a wider loss of RM42.4 million, the filing said.

“The performance in the current quarter was mainly dragged down by a decline in profit contribution from the oleochemical division, partially mitigated by lower losses from the refineries and non-oleochemical divisions,” it said.

Meanwhile, profit from its property segment fell by 47.2 per cent to RM1.9 million, with revenue lower at  RM25.7 million.

Profit from its plantation segment also declined by 21.1 per cent to RM358.5 million, due to weaker crude palm oil and palm kernel selling prices.

“The investment holding/others segment recorded a significantly lower loss of RM19.4 million compared to RM94.8 million a year ago,” it said.

For the first six months of FY2026, the company posted a higher net profit of RM676.46 million against RM374.72 million previously. Revenue increased to RM12.89 billion from RM12.28 billion a year ago.

The company declared an interim single-tier dividend of 20 sen per share payable on July 28, 2026.

-- BERNAMA