Posted by ivchoong > 2013-10-25 10:24 | Report Abuse

Can any investor of this counter give some insight into the near term potential of this counter? Would really appreciate to hv some info cos hv been holding this counter for quite some time & hv not got any positive returns. Tks

Posted by inphyy > 2013-10-25 10:31 | Report Abuse

2Q13 Net Profit Down 87% To US$0.1 Million

14 Aug 2013 18:27

For 2Q 2013, Kencana Agri Limited recorded a revenue of US$43.6 million as compared to US$48.2 million in 2Q 2012. The decrease of 10% was mainly due to lower average selling price of CPO. The ASP of CPO decreased by 18% to US$708 per MT in 2Q 2013. The Group recorded an operating profit of US$3.2 million as compared to US$1.5 million in 2Q 2012. The higher operating profit was mainly due to gain in fair value changes in biological assets. Meanwhile, net profits after tax decreased 87% to US$93 thousand mainly due to higher interest expenses as a result of higher mature area. Interest cost related to mature area is expensed whereas that of immature area is capitalised...

http://kencana.listedcompany.com/news.html/id/367832

Posted by inphyy > 2013-10-25 10:32 | Report Abuse

The main problem is daily trading vol