KUALA LUMPUR: Oleochemical and plantation company Southern Acids( M) Bhd said strong commodity

KUALA LUMPUR: Kuala Lumpur Kepong Bhd’s( KLK) net profit surged almost 200% to RM625. 80mil for its fourth quarter of financial year ended Sept 30, 2021( Q4’FY21) from RM208. 82mil in the previous corresponding period, driven mainly by a three-fold increase in profit in the group’s plantation division. Its revenue in Q4’FY21 grew to RM5. 93bil from RM4bil a year earlier.In a filing with Bursa Malaysia yesterday, KLK said profits by its plantation division increased to RM585. 6mil during the quar

KUALA LUMPUR: Kuala Lumpur Kepong Bhd( KLK) said earnings more than doubled in the third quarter boosted by to higher palm oil prices, one-tome gains from disposals and favourable exchange rates. Net profit in the three-month ended June 30 soared 112% to RM784mil from RM369mil a year ago.？... Revenue jumped 39% to RM5. 17bil, KLK said in a filing today." The Group's year-to-date profit was boosted by non-operational gains derived from fair value surplus of RM324. 3mil on deemed disposal of an a

KUALA LUMPUR: IOI Corporation Bhd’s net profit in the second quarter ended Dec 31, 2021( Q2) rose to RM494.70 million compared with RM355.70 million in the same period a year ago, bolstered by higher crude palm oil( CPO) price. Revenue surged to RM4.11 billion from RM2.45 billion previously, it said in a filing to Bursa Malaysia today. IOI said the plantation segment profit jumped 69 per cent to RM576.0 million year-on-year due mainly to higher realised CPO and palm kernel( PK) prices. Average r

KUALA LUMPUR: Malaysian crude palm oil( CPO) stocks for August 2021 improved by 35.07 per cent to 950, 711 tonnes from the 703, 881 tonnes recorded in the previous month, according to the Malaysian Palm Oil Board( MPOB). Processed palm oil inventory rose 16.59 per cent month-on-month( m-o-m) to 924, 035 tonnes from 792, 582 tonnes, the agency said in its industry performance report for August." Overall, palm oil stocks recovered 25.28 per cent to 1.87 million tonnes from 1.49 million tonnes prev

KUALA LUMPUR: Malaysia’s crude palm oil( CPO) stocks grew to 891, 779 tonnes in April 2022, up 17.4 per cent from the 759, 732 tonnes recorded in March, on higher production, according to the Malaysian Palm Oil Board( MPOB). MPOB said processed palm oil inventory also rose 5.2 per cent month-on-month( m-o-m) to 750, 215 tonnes from 713, 112 tonnes previously. Overall, palm oil stocks improved 11.5 per cent to 1.64 million tonnes from 1.47 million tonnes in March, the agency said in a statement t

KUALA LUMPUR: Malaysian crude palm oil( CPO) stocks for November 2021 fell 4.45 per cent to 942, 354 tonnes from 986, 239 tonnes recorded in the previous month on lower production while exports were higher, the Malaysian Palm Oil Board( MPOB) said today.It said the world's second-largest palm oil producer’s end-November processed palm oil inventory improved 3.09 per cent month-on-month( m-o-m) to 874, 525 tonnes from 848, 329 tonnes.In a statement, MPOB said overall, palm oil stocks slipped 0.96

PETALING JAYA: IOI Corp Bhd’s net profit for the fourth quarter( Q4) ended June 30 increased by over 50% year-on-year( y-o-y) to RM359. 4mil, mainly due to stronger contribution from all business segments. Revenue for the three-month period rose by almost 70% y-o-y to RM3. 46bil as compared to RM2. 04bil in the corresponding previous quarter. IOI told the stock exchange yesterday that the profit of its plantation segment jumped significantly in the fourth quarter, driven by higher crude palm oil

KUALA LUMPUR: IOI Corp Bhd’s net profit rose 2.5% to RM411. 2mil in the third quarter ended June 30( 3Q22) from RM401. 3mil a year ago due to higher contribution from the plantation segment. The plantation group’s revenue surged 43.3% to RM4. 1bil against RM2. 86bil last year. IOI said the plantation segment profit for Q322 of RM518. 5mil was 179% higher than the profit for Q321 of RM185. 9mil due mainly to higher crude palm oil( CPO) and palm kernel( PK) prices realised as well as higher FFB pr

PETALING JAYA: Plantation companies will likely register a mixed performance in their upcoming second-quarter results( 2Q23) starting Aug 23, according to Hong Leong Investment Bank( HLIB) Research. This will occur on the back of mixed fresh fruit bunch( FFB) output growth and slightly lower crude palm oil( CPO) prices, it said. Despite the second quarter being a seasonally higher productivity quarter as witnessed by a 6.1% quarter-on-quarter( q-o-q) increase in Malaysia’s CPO production, HLIB R