Higher CPO prices cushion JKG Land profit in Q2

TheStar Wed, Sep 23, 2020 06:39pm - 3 years View Original


KUALA LUMPUR: JKG Land Bhd posted a lower revenue in three months ended July 31 on slower work progress at its property development sites and a decline in fresh fruit bunches (FFB) production at its plantations.

But higher commodity prices during the quarter boosted its margins.

The company reported a net profit of RM5.74mil in the second quarter compared with RM5.76mil made in the same quarter last year.

Revenue fell 15% to RM47.5mil, the company said in a filing with Bursa Malaysia today.

...

Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

BURSA 7.360
JKGLAND 0.100

Comments

Login to comment.