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FGV’s operational transformation on track

FGV’s operational transformation on track

CPO price weighs on Group’s performance

Kuala Lumpur, 28th August 2019 – FGV Holdings Berhad (“FGV”) recorded a profit before interest and tax (“PBIT”) of RM23 million for its second quarter ended 30 June 2019, down 54% from a PBIT of RM50 million registered in the previous corresponding quarter. FGV’s financial performance was affected mainly by losses in the sugar sector and a 19% decline in crude palm oil (“CPO”) price realized for the period under review of RM1,955 per metric tonne, compared to average CPO price of RM2,419 per metric tonne for 2Q2018. (more…)

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FGV’s Response to the Petition by a coalition of NGO’s submitted to the United States Customs and Border Protection

FGV Holdings Berhad has received a petition submitted by a coalition of non-governmental organisations (NGOs) dated 15th August, 2019, addressed to the Acting Commissioner for the United States Customs and Border Protection (CBP). (more…)

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Lifting of Certification Suspension for FGV’s Serting Complex

KUALA LUMPUR, 5 AUGUST 2019 – FGV Holdings Berhad (FGV) is pleased to report that the Complaints Panel (CP) of the Roundtable for Sustainable Palm Oil (RSPO) has lifted the suspension on FGV’s Serting Complex and reinstated its RSPO certification effective 5th August 2019. (more…)

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