FGV operational performance improves

KUALA LUMPUR, 28 FEBRUARY 2019–  FGV Holdings Berhad recorded a loss before zakat and tax (LBZT) of RM139 million for its fourth quarter ended December 2018 as a result of impairments and provisions amounting to RM240 million. Without impairments and provisions, FGV recorded a profit before zakat and tax (PBZT) of RM101 million for the period, compared to the previous corresponding quarter’s RM253 million. Revenue for the period declined in tandem with crude palm oil (CPO) prices to RM3.2 billion, compared to RM4.3 billion in 4Q2017. (more…)

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