May 28, 2009

KL Kepong falls after profit drop

KUALA Lumpur Kepong Bhd, Malaysia’s third largest palm oil producer, fell on the local stock exchange after reporting a 52 per cent drop in second-quarter net income and forecasting “much lower” annual profit. The shares lost 1.7 per cent to RM11.7 at 9:02 am on the Kuala Lumpur stock exchange. - Bloomberg