KUALA LUMPUR, Aug 17 — Kuala Lumpur Kepong Bhd’s (KLK) net profit slipped to RM558.27 million in the third quarter ended June 30, 2022 (Q3FY2022) from RM783.94 million in the...
KUALA LUMPUR, Aug 17 — Kuala Lumpur Kepong Bhd’s net profit slipped to RM558.27 million in the third quarter ended June 30, 2022 from RM783.94 million in the same period a year ago following lower contributions from the manufacturing segment and losses in investment holdings segments.
“Investment holding segment’s loss was higher at RM54.4 million in Q3FY2022 from RM24.5 million in Q3FY2021 mainly attributable to higher interest expenses arising from an increase in borrowings,” it said. Besides that, it said the property development division’s profit increased to RM17.5 million in Q3FY2022 compared with the preceding year’s quarter of RM15.4 million on the back of higher revenue at RM53.5 million.
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