Harn Len posts stronger 4Q, declares special dividend of 3.00 sen
The plantation group said these include enhancing efficiency and implementing cost rationalisation measures to mitigate potential negative impacts.
Harn Len noted that the crude palm oil (CPO) price is currently hovering between RM3,900 to RM4,100 per tonne.
It said prices fluctuated in June 2025, driven by a surge in global crude oil prices early in the month and the ceasefire in the Israel-Iran conflict.
'Surge of soybean oil prices and high demand from India will help to support the CPO price, where the average CPO price for the year is forecasted to remain above RM4,000 per tonne,' it added.
In the fourth quarter ended May 31, Harn Len's net profit surged to RM22.5mil, or earnings per share of 3.68 sen, from RM1.5mil, or 0.27 sen, a year ago. This brought its full-year profit to RM33.4mil, or 5.75 sen.
Quarterly revenue rose 39.3% to RM70.9mil from RM50.9mil, lifting full-year revenue to RM283.2mil.
Harn Len said the higher operating revenue was mainly driven by increased sales volumes of CPO and palm kernel. The surge in profit was primarily due to a gain from the disposal of an investment property.
It has declared a special dividend of 3.00 sen per share for the financial year ended May 31, 2025, payable on July 15 to shareholders on record as at July 1.
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