Kim Loong’s 1QFY24 exceeds expectations on better milling
KUCHING (June 30): Sarawak-based Kim Loong Resources Bhd’s (Kim Loong) annualised results for the first quarter of financial year 2024 (1QFY24) exceeded expectations due to a higher than estimated milling pre-tax profit margin. AmInvestment Bank Bhd (AmInvestment Bank) recalled that Kim Loong raised the processing charge for its milling division by RM15 per tonne to [...]
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