Kim Loong Resources Bhd’s net profit more than doubled to RM27.74 million in its second quarter ended July 31, 2008 from RM11.78 million a year earlier, while revenue increased to RM182.1 million from RM111.17 million.
EPS rose to 12.91 sen from 6.71 sen. It proposed a gross interim dividend of 10 sen per share versus three sen a year earlier, bringing the total to 33 sen per share.
For the first half of FY09, its net profit rose nearly threefold to RM48.74 million from a year earlier, driven by higher crude palm oil prices. Revenue rose to RM318.4 million from RM179.14 million. EPS rose to 22.91 sen from 9.44 sen.
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