Harn Len Corp Bhd
, a plantation company, which had slipped into the red for the last three quarters, is showing signs that it too is benefiting from current stellar crude palm oil (CPO) prices. Indications are that it could stem its losses by the end of the year.
“We are pleased that we have narrowed our losses in the first half of the year despite these challenging times.
“We are therefore cautiously optimistic that the subsequent quarters will be more positive for us,” managing director Low Quek Kiong tells StarBizWeek. For the second quarter (Q2) ended June 30, the Johor-based group posted a net loss of RM2.6mil, bringing the cumulative six months net loss to RM7.4mil – down by slightly more than half from the RM14mil losses a year ago.
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