Kim Loong Highest recorded Pre-tax Profit RM210 million in FYE 2022 on Turnover of RM1.7 billion
|COUSINS GOOI KHAI CHIEN AND GOOI CHUEN KANG, ENGINEERS, NEW GEN ON BOARD|
Kim Loong Resources Group is principally involved in plantation and palm oil milling operations. The plantations are located in Johor, Sabah and Sarawak. They own 3 palm oil mills and have 16,922 hectares of plantation land. Kim Loong was listed on Bursa Malaysia in 2000.
Kim Loong's pre-tax profit surpassed RM200 million for the first time (RM210.33 million) on revenues of RM1.7 billion in FYE 2022. The company is looking for land to expand its plantation business in Johor, Sabah and Sarawak.
The company was established by Gooi Seong Lim ( Executive Chairman) and his three brothers, Gooi Seong Heen, 71 (Managing Director), Gooi Seong Chneh, 67, (ED) and Gooi Seong Gum, 66 (ED). All four are engineers. The Gooi siblings are also major shareholders of another listed company on Bursa Malaysia - Crescendo Corporation Berhad. For FYE 31 Jan 2022, Crescendo achieved a group revenue of RM217.1 million and pre-tax profit of RM33.84 million. The core business of Crescendo Group is Property Development & Construction. It has a landbank of 2,700 acres in Johor Bahru.
New Gen in Kim Loong Resources who are alternate Directors are Gooi Khai Chien, son of the Executive Chairman and Gooi Chuen Kang, 36, son of the MD. Khai Chien has a Bachelor’s Degree in Chemical Engineering (UCL) and a Master’s Degree in Investments and Wealth Management (Imperial College Business School, London). Chuen Kang graduated with a Bachelor of Engineering (Chemical and Biomolecular Engineering) University of Melbourne, Australia in 2008. Was with Accenture KL.
- Kim Loong Resources Berhad. 2022 Annual Report. https://www.klsescreener.com/v2/announcements/view/3182985
- Kim Loong Resources Berhad. Future Plans. http://www.kimloong.com.my/usr/pagesub.aspx?pgid=10