QL Resources' Q1 net profit rises to RM100.76mil
KUALA LUMPUR: Integrated agro-based group QL Resources Bhd’s net profit inched up to RM100.76 million in the first quarter ended June 30, 2026 (Q1 FY27) from RM100.60 million in the same period last year.
KUALA LUMPUR: Agro-based company QL Resources Bhd reported a rise in net profit to RM100.76 million for the first quarter ended June 30, 2026 (Q1 FY27), up from RM100.60 million in the same period last year. Revenue for Q1 FY27 increased by eight percent to RM1.85 billion from RM1.72 billion previously, according to a filing with Bursa Malaysia.
This growth was primarily driven by strong performance in marine product manufacturing (MPM) and integrated livestock farming (ILF) operations. MPM revenue grew by 18 percent to RM384.26 million, fueled by a rebound in selling prices for fishmeal and strong volume sales. Despite challenges such as lower catches in Peru due to El-Nino, the group remains cautiously optimistic.
This optimism is backed by resilient demand for staple food products, ongoing operational improvements, and opportunities in renewable energy and water treatment solutions under BM Greentech. The company expects to deliver satisfactory performance in the upcoming quarter, barring any unforeseen circumstances.
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