Kencana Agri has reported earnings of US$10 million ($13.6 million) for 1HFY2021 ended June, 24.5 times higher than the US$0.41 million recorded for the corresponding period the previous year. 

The increase was mainly driven by a fair value gain recognised on biological assets and plasma receivables amounting to US$8.3 million.

Revenue increased marginally to US$63.8 million for the 1HFY2021, up 3.5% y-o-y on the back of higher crude palm oil (CPO) and palm kernel (PK) selling prices.

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