Kim Loong 1Q revenue up 6% to RM412mil

PETALING JAYA: Kim Loong Resources Bhd is targeting to achieve a 5% to 10% increase in fresh fruit bunch (FFB) production for the current financial year ending Jan 31, 2026, after taking into account the improved age profile of young productive palms and its ongoing replanting programme.

Releasing results yesterday for its first quarter ended April 30 (1Q26), Kim Loong saw net profit drop 15.3% year-on-year (y-o-y) to RM41.9mil, despite a 6% growth in revenue to RM411.7mil.

The group attributed the weaker profit to lower processing margin from milling operations, although higher FFB selling price and better FFB production contributed to the improved turnover.

Compared to the preceding quarter ended Jan 31, net profit almost doubled from RM22.8mil, despite a drop in revenue from RM443.3mil, which it attributed to higher FFB production.