JOHOR BAHRU, June 27 (Bernama) — Kulim (Malaysia) Berhad (KULIM) marks another outstanding year of financial performance for the Financial Year ended 31 December 2022 (FY2022). The outstanding results were driven by high commodity prices and backed by enhanced operational efficiencies. The Group’s profit before tax and zakat (PBTZ) surged 22.32%, amounting to RM530.66 million in FY2022, compared to RM433.81 million in FY2021.
KULIM achieved a substantial 12.83% increase in revenue, totalling RM1.86 billion compared to RM1.65 billion in FY2021. The plantation segment emerged as the major revenue contributor, generating RM1.75 billion. Notably, the company showcased a strengthened financial position, leading to an improved net gearing ratio of 0.56 times, a significant enhancement compared to 0.63 times in FY2021.
