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Article: MALAYSIA'S KUALA LUMPUR KEPONG POSTS HIGHER ANNUAL PROFIT.
- Article from:
- AsiaPulse News
- Article date:
- November 23, 2006
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KUALA LUMPUR, Nov 23 Asia Pulse - Kuala Lumpur Kepong Berhad (KLSE:2445) has booked annual pre-tax profit of RM596.331 million (US$163.4 million), an increase of 1.8 per cent year-on-year following improved contributions from its plantation and property operations as well as significant capital gains.
The higher plantation profit was largely due to the favourable rubber selling prices and increased fresh fruit bunches (FFB) production, it said in a filing to Bursa Malaysia on Nov 22.
However, its manufacturing division registered lower earnings during the twelve months ended 30 September 2006 as it was adversely affected by competitive market conditions. ...