In a statement, the group said its revenue jumped by 48.56% to RM1.65 billion from RM1.11 billion a year ago, as higher average selling prices for crude palm oil and palm kernels offset lower sales volumes and yields from its plantations. Meanwhile, the group had also processed 1.42 million tonnes of FFB and 295,747 tonnes of crude palm oil (CPO). This translated into one of our best financial results to date, despite sub-optimum production and yield," said Kulim MD Mohd Faris Adli Shukery. The group said it also aims to build a robust and thriving agri-food portfolio to contribute positively to the national food security agenda. “Our ultimate objective is for Kulim to become a flagship company that can enhance the state and national food security agenda.

Source: The Edge Markets July 31, 2022 18:42 UTC