KUALA LUMPUR (Sept 25): Teck Guan Perdana Bhd (KL:TECGUAN) saw its net profit more than triple in the second quarter, driven by higher operating margins in its palm oil products segment.
Net profit for the three months ended July 31, 2026 (2QFY2027) came in at RM16 million or 40.01 sen per share, compared with RM5.26 million or 13.11 sen per share a year earlier, according to the palm oil and cocoa products manufacturer’s bourse filing on Friday.
Revenue jumped 179% year-on-year to RM260.8 million from RM93.4 million, mainly due to higher sales volume and selling prices of palm oil products, which remained the largest contributor to revenue.
Revenue from the palm oil products segment rose to RM254.41 million from RM82.92 million, while operating profit for the segment increased to RM22.63 million from RM4.34 million a year earlier.
No dividend was declared for the quarter.
For the six-month period, net profit fell 1% to RM16.5 million from RM16.6 million a year earlier, despite revenue rising 24% to RM278.7 million from RM224.8 million.
Looking ahead, Teck Guan Perdana expects oil palm crop production to be lower year-on-year in the near term, amid weather-related risks including the potential effects of El Niño and recent haze conditions in Southeast Asia, which could affect harvesting activities and crop availability.
Nevertheless, the company remains cautiously optimistic about the long-term prospects of its palm-based businesses, supported by continued biodiesel and renewable-fuel programmes.
It expects global vegetable oil demand to benefit from Indonesia’s palm-based biodiesel programme and the expansion of renewable-fuel requirements in the US, while resilient downstream demand from the oleochemical and food industries is also expected to support its palm-related businesses.
As geopolitical developments, inflationary pressures and raw material costs could continue to weigh on profit margins, Teck Guan Perdana said it will continue to focus on improving operational efficiency and production yields while pursuing strategic initiatives to support sustainable long-term growth.
Shares of Teck Guan Perdana were unchanged at RM1.80 at midday break on Friday, valuing the Sabah-based company at RM72.2 million.