KLR Group Annual Report 2023
KLR Group Annual Report 2023
At A Glance
TOTAL CPO
PRODUCTION
Total CPO production
grew by 18.3% to 248,694 tons in 2023
PERCENT(%)
0
KLR
PRODUCTION
Total KLR production grew by 7.6%
tons
786,
104
TOTAL CPO
SALES VOLUME
The total sales volume of CPO experienced a significant increase of 17.8% in 2023.
TONS
246,
0
MANAGEMENT DISCUSSION
& ANALYSIS
ON BEHALF OF THE BOARD
OF DIRECTORS OF KIM LOONG
RESOURCES BERHAD (“KLR”),
I AM PLEASED TO PRESENT TO YOU THE ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2023.
I AM PLEASED TO PRESENT TO YOU THE ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2023.
Gooi Seong Lim
Executive Chairman
FINANCIAL
HIGHLIGHTS
Revenue
51%
2023-RM679,625
2022-RM872,937
2021-RM1,075,33
2020-RM892,593
2020-RM757,730
Profit Before Tax
41%
2023-RM679,625
2022-RM872,937
2021-RM1,075,33
2020-RM892,593
2020-RM757,730
Equity Attributable
62%
2023-RM679,625
2022-RM872,937
2021-RM1,075,33
2020-RM892,593
2020-RM757,730
Total Assets
55%
2023-RM679,625
2022-RM872,937
2021-RM1,075,33
2020-RM892,593
2020-RM757,730
Net Assets
27%
2023-RM679,625
2022-RM872,937
2021-RM1,075,33
2020-RM892,593
2020-RM757,730
Core Activities
The principal activities of the KLR Group are divided into two
main areas: plantation operations and milling operations.
Years of experience and expertise of the board and the management
have propelled the KLR Group to mature and excel in both activities.
CORPORATE
MILESTONES
On 19 February 2020, the Company entered into Sale and Purchase Agreements to acquire oil palm plantation land in Sabah with a total gross land area of approximately 2,862 acres. In February 2021, the Group took possession of 2,708 acres (1,096 hectares).
Kim Loong Resources Berhad was awarded by The Edge in year 2016 as the highest returns to shareholders over three years in Malaysia (Plantation).
Kim Loong Resources Berhad expanded its downstream diversification by entering into a Supply and Installation Contract and a Joint Venture Agreement in 2004 to undertake projects to extract CPO from wet palm fibre and to extract tocotrienol concentrates from CPO under Kim Loong Technologies Sdn. Bhd. and Palm Nutraceuticals Sdn. Bhd. respectively.
Sharikat Kim Loong Sendirian Berhad (“SKL”), holding company of Kim Loong Resources Berhad, commenced business with 1,000 acre rubber plantation at Ulu Tiram, Johor. (The first planting of oil palm started in 1968).
Incorporation of Desa Kim Loong Plantations Sdn. Bhd. (currently known as Kim Loong - KPD Plantations Sdn. Bhd.) to enter into a JV with Korporasi Pembangunan Desa to develop 4,000 acres of land in Telupid, Sandakan, Sabah into an oil palm plantation. Restructuring exercise to transfer all Sabah plantation operations to Kim Loong Resources Berhad.
start
end
01/04
2023
1967
Sharikat Kim Loong Sendirian Berhad (“SKL”), holding company of Kim Loong Resources Berhad, commenced business with 1,000 acre rubber plantation
start
end
01/01
1997
1997
Incorporation of Desa Kim Loong Plantations Sdn. Bhd. (currently known as Kim Loong - KPD Plantations Sdn. Bhd.) to enter
start
end
01/04
2023
2003
Kim Loong Resources Berhad expanded its downstream diversification by entering into a Supply and Installation Contract and a Joint Venture
start
end
01/04
2023
2016/2017
Kim Loong Resources Berhad was awarded by The Edge in year 2016 as the highest returns to shareholders over three
start
end
01/04
2023
2020/2021
On 19 February 2020, the Company entered into Sale and Purchase Agreements to acquire oil palm plantation land in Sabah
Section
- MANAGEMENT DISCUSSION & ANALYSIS
- FINANCIAL HIGHLIGHTS
- CORPORATE MILESTONES
- Full Annual Report 2022