Malaysian Palm Oil Giant KLK Swings to RM1.34 Billion Quarterly Loss
The conglomerate took a RM1.62 billion impairment charge on its UK associate Synthomer, erasing a year of profits despite rising revenue
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The conglomerate took a RM1.62 billion impairment charge on its UK associate Synthomer, erasing a year of profits despite rising revenue

The Indonesian palm oil producer's first-half net profit jumped 57% to US$234.9 million, driven by higher production and a full six-month contribution from its 2025 acquisition.

Upstream players could see operating margins reach 60 percent as crude palm oil prices climb 17 percent year-to-date, though downstream businesses face rising input costs

Weather pattern expected to slash fresh fruit bunch output by up to 14 percent in first year, with southern states bearing the brunt

Malaysia's plantation giant saw second-quarter earnings slide 22 per cent on weaker palm oil prices and currency hedging losses, even as refinery volumes climbed.

September futures gain 1.25% to RM4,536 per metric ton as weaker ringgit and rival oil strength counter bearish crude signals