Harn Len Corporation Bhd Reports Strong Earnings Growth Amidst Rising Palm Oil Prices
Harn Len Corporation Bhd is benefiting from rising crude palm oil prices, projected to average above RM4,000 per tonne until 2026. The company reported a net profit of RM15.24 million for Q2 2026, more than double the previous year, with revenue increasing by 10.9%. For the first half of FY26, net profit rose 65.6% to RM19.12 million. The Group is focused on cost management and exploring diversification in its business strategy, including interests in pineapple plantations.
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Harn Len Corporation Bhd is capitalizing on the rising crude palm oil (CPO) prices, expected to exceed RM4,000 per tonne through 2026. This pricing trend is supported by declining global supply, La Niña weather impacts, and demand from Indonesia's biofuel mandates.
In Q2 2026, Harn Len reported a net profit of RM15.24 million, up from the previous year, with total revenue reaching RM95.93 million. For the first half of FY26, net profit increased 65.6% to RM19.12 million. The company aims for sustainable growth through cost rationalization and diversification into new ventures like pineapple plantations, maintaining a stable debt-to-equity ratio of 23.3%.
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