FGV Revenue Increases on the back of Improving Operational Performance

Financial performance affected by impairments and low CPO price

Kuala Lumpur, 28th November 2019 – FGV Holdings Berhad (“FGV”) recorded a loss before zakat and tax (“LBZT”) of RM363 million for 3Q2019, compared to LBZT of RM911 million in the previous corresponding quarter. This is attributable in large part to impairments amounting to RM304 million, lower crude palm oil (“CPO”) price realised for the period and losses in the Sugar business. (more…)

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