Today I have bought KMLOONG at price RM 2.64. KMLOONG has just announced quarterly report on consolidated results for the financial period ended 31/1/2012 (bursamalaysia.com).
KMLOONG Highlights :-
1. For the quarter, the company reported revenues of MYR 177,707,000 compared with MYR 156,015,000 for the same period a year ago. Profit before tax was MYR 35,955,000 compared with MYR 22,866,000 for the same period a year ago.
2. For the full year, the company reported revenues of MYR 768,710,000 compared with MYR 563,408,000 for the same period a year ago. Profit before tax was MYR 165,293,000 compared with MYR 90,633,000 for the same period a year ago.
3. The company will give 10 sen dividend.
Kim Loong Resources Berhad, the Group together with its subsidiaries, engages in cultivating, processing, and marketing oil palm products in Malaysia. The company also involves in extracting residual oil from wet palm fibre and conversion of palm fibre; trading fresh fruit bunches; and manufacturing health supplements and food ingredients. In addition, it manufactures concrete culvert and bio fertilizers, as well as engages in bio gas and power generation activities. The Group operates in Malaysia.
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