JKG posts lower revenue

TheStar Thu, Sep 24, 2020 08:40am - 7 months ago


Revenue fell 15% to RM47.5mil, JKG said in a filing with Bursa Malaysia yesterday. (File pic shows a model of a JKG project)

PETALING JAYA: JKG Land Bhd posted a lower revenue in the 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.

However, 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 in the same quarter last year.

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

“The property development sector will face more challenges in the subsequent periods of FY 2021, ” it said.






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