Batu Kawan Bhd's net profit declined 21.26% year-on-year to RM304.3 million for the third quarter ended June 30, 2022 (3QFY22) from RM386.465 million in the previous corresponding quarter of 3QFY21, despite higher revenue, because the previous year had accounted for non-operational gains.
PETALING JAYA: Kuala Lumpur Kepong Bhd (KLK) expects weaker palm oil prices, supply chain disruptions and inflationary pressures from higher priced fuels, fertilisers and agrochemicals to impact its plantation and manufacturing segments in the fourth quarter (4Q) after posting strong 3Q financial results.
Kuala Lumpur Kepong Bhd's net profit for the third quarter ended June 30, 2022 slipped 28.78% to RM558.27 million, from RM783.94 million a year earlier, due to the absence of a disposal gain from an associate in the year before.