KUALA LUMPUR (Nov 25): KULIM (M) BHD []’s earnings slumped 39.9% to RM171.07 million in the third quarter ended Sept 30 from RM284.65 million a year ago.
It said on Friday that group profit fell 31.74% to RM249.8 million from RM365.92 million a year ago due to the disposal of oleochemicals group that recorded a profit of RM156 million last year.
Its revenue rose 21.7% to RM1.780 billion from RM1.461 billion while earnings per share were 13.97 sen compared with 91.13 sen.
For the nine-month period, its net profit increased 23% to RM444.46 million from RM361.21 million while revenue rose at a slightly stronger pace of 29.2% to RM5.240 billion from RM4.056 billion.
Kulim said the group’s cumulative fresh fruit bunches (FFB) production inclusive of SINDORA BHD [] for the nine-month period was 13.48% higher at 465,807 tonnes from a year ago.
The group’s oil extraction rate for the nine-months was marginally lower inclusive Sindora at 20.14% compared to 20.26%.
Its Malaysian PLANTATION [] operations achieved crude palm oil (CPO) and palm kernel cumulative price averages of RM3,248 and RM2,433 per tonne respectively for the nine-months compared to RM2,511 and RM1,488 per tonne for CPO and PK respectively a year ago.
It said on Friday that group profit fell 31.74% to RM249.8 million from RM365.92 million a year ago due to the disposal of oleochemicals group that recorded a profit of RM156 million last year.
Its revenue rose 21.7% to RM1.780 billion from RM1.461 billion while earnings per share were 13.97 sen compared with 91.13 sen.
For the nine-month period, its net profit increased 23% to RM444.46 million from RM361.21 million while revenue rose at a slightly stronger pace of 29.2% to RM5.240 billion from RM4.056 billion.
Kulim said the group’s cumulative fresh fruit bunches (FFB) production inclusive of SINDORA BHD [] for the nine-month period was 13.48% higher at 465,807 tonnes from a year ago.
The group’s oil extraction rate for the nine-months was marginally lower inclusive Sindora at 20.14% compared to 20.26%.
Its Malaysian PLANTATION [] operations achieved crude palm oil (CPO) and palm kernel cumulative price averages of RM3,248 and RM2,433 per tonne respectively for the nine-months compared to RM2,511 and RM1,488 per tonne for CPO and PK respectively a year ago.
