The Board of Directors of Lotus wishes to announce that LKB Plantation Sdn. Bhd., a wholly-owned subsidiary of the Company, has on 23 September 2024 entered into a joint venture agreement with Cengal Abadi Sdn. Bhd., Rimbun Jelutong Sdn. Bhd., Sentosa Tropika Sdn. Bhd., Trillion Greenland Sdn. Bhd. and Tropika Intan Sdn. Bhd., for the harvesting and processing of bamboo chips/pellets.
Plantation business Lotus and its subsidiaries (“Group”) had since early 2022 diversified into plantation businesses to include the planting, harvesting and processing of fast-growing plants, including but not limited to Acacia species, Gmelina species, Albizia species, Eucalyptus species and bamboo, into wood chips and bamboo chips. As at the date of this announcement, the Group had acquired the rights-of-use/lease rights over 3,700 hectars (“ha”) of forest reserve lands/state lands situated in Negeri Kelantan and Negeri Perak (“Lotus’ Lands”). The Proposed Joint Venture serves to expedite the subsisting planation business of the Group, particularly on harvesting, processing and sale, through leveraging on the readily harvestable lands of the JV Partners.
Result out, Lotus's revenue maintained RM13.386m in the immediate preceding quarter as compared with RM13.780m for current quarter, while gross profit decrease from RM 0.574m to RM 0.398m due to high material cost
Masih boleh tahan keputusan ni. Amat teruja perniagaan bekalan bahan biotenaga dan operasi ladang hutan yg boleh membawah pendapatan yg lumayan kpd Lotus
KUALA LUMPUR: Lotus KFM Bhd is optimistic about its prospects, supported by its strategic diversification initiatives, including ventures into sustainable resources such as bioenergy material supplies and forest plantation operations.
“The group will continue to leverage its expertise and resources to navigate market challenges and seize opportunities in the coming year,” the flour producer said.
In the fourth quarter ended Sept 30 (4Q24), Lotus KFM reported a net profit of RM113,000, bringing its full-year net profit to RM154,000. Revenue for the quarter was RM13.8mil, contributing to a total revenue of RM50.7mil for the year.
“Despite a challenging start to 2024 our 4Q24 results reflect resilience and adaptability. The initial sales from our biomass segment mark an exciting step in our diversification strategy, laying the groundwork for enhanced revenue and profitability in the future.
“We are committed to further improving operational efficiencies and exploring growth opportunities to create long-term value for our stakeholders,” vice chairman Datuk Wong Sak Kuan said in a separate statement.
Initial sales from Lotus biomass segment are laying the groundwork for improved revenue and profitability in the future, time for Lotus to leverage its expertise and resources to the next step
Revenue in Q4 was driven by early contributions from Lotus’s new biomass business and steady performance from its traditional flour and starch trading segment, Lotus TP 0.18
LOTUS is also engaging in forest plantation operations, including the harvesting and processing of bamboo chips and pellets. More revenue growth is coming
Lotus KFM eyes growth with bioenergy and plantation ventures. The initial sales from the company biomass segment mark an exciting step in the diversification strategy, laying the groundwork for enhanced revenue and profitability in the future.
KUALA LUMPUR: Lotus KFM Bhd is optimistic about its prospects, supported by its strategic diversification initiatives, including ventures into sustainable resources such as bioenergy material supplies and forest plantation operations.
“The group will continue to leverage its expertise and resources to navigate market challenges and seize opportunities in the coming year,” the flour producer said.
In the fourth quarter ended Sept 30 (4Q24), Lotus KFM reported a net profit of RM113,000, bringing its full-year net profit to RM154,000. Revenue for the quarter was RM13.8mil, contributing to a total revenue of RM50.7mil for the year.
“Despite a challenging start to 2024 our 4Q24 results reflect resilience and adaptability. The initial sales from our biomass segment mark an exciting step in our diversification strategy, laying the groundwork for enhanced revenue and profitability in the future.
“We are committed to further improving operational efficiencies and exploring growth opportunities to create long-term value for our stakeholders,” vice chairman Datuk Wong Sak Kuan said in a separate statement.
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harvesting bamboo