By Yantoultra Ngui

KUALA LUMPUR, Malaysia--Kuala Lumpur Kepong Bhd. (2445.KU) said net profit in its fourth quarter jumped 101% from a year ago after recognizing a surplus arising from the sale of plantation land to an associate.

Kuala Lumpur Kepong, one of Malaysia's largest palm-oil plantations groups, Wednesday posted a net profit of 375.06 million ringgit ($86.11 million) in the July-September period, compared with MYR186.29 million a year ago. Revenue rose to MYR4.54 billion in the quarter from MYR3.93 billion a year earlier.

Kuala Lumpur Kepong said it expects its profit for the new financial year ending September 2017 to be satisfactory.

Write to Yantoultra Ngui at

(END) Dow Jones Newswires

November 16, 2016 05:57 ET (10:57 GMT)

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