Felda Global Ventures

Press Centre

FGV Holdings Berhad (FGV) refers to the decision by the Complaints Panel (CP) of the Roundtable on Sustainable Palm Oil (RSPO), issued on 28th November 2018

KUALA LUMPUR, 30 NOVEMBER 2018 – FGV has frozen all new recruitment of workers from external contractors across its operations, with immediate effect. This freeze will only be lifted when the company is satisfied beyond any doubt that contractors are strictly adhering to all FGV’s internal policies, guidelines and standard operating procedures. FGV will also revise with immediate effect, the benefits enjoyed by its plantation workers and will absorb the costs of basic necessities, including food supplies given to its workers.

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FGV Catat Kerugian Sebanyak RM911 juta, Termasuk Rosot Nilai Sebanyak RM788 juta

KUALA LUMPUR, 28 NOVEMBER 2018 – FGV Holdings Berhad (FGV) mencatatkan kerugian sebelum zakat dan cukai (LBZT) sebanyak RM911 juta untuk suku ketiga berakhir September 2018. Kerugian ini termasuk rosot nilai berjumlah RM788 juta. Jika tidak termasuk rosot nilai ini, LBZT adalah sebanyak RM123 juta, berbanding untung sebelum zakat dan cukai sebanyak RM118 juta yang dicatatkan pada suku sama tahun lalu.

FGV mencatatkan perolehan sebanyak RM3.19 bilion berbanding RM4.14 bilion pada suku sama tahun lalu.

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FGV incurs a loss of RM911 million, including impairment of RM788 million

KUALA LUMPUR, 28 NOVEMBER 2018– FGV Holdings Berhad (FGV) has recorded loss before zakat and tax (LZBT) of RM911 million for its third quarter ended September 2018. This loss includes impairment amounting to RM788 million. LBZT before impairment came in at RM123 million, which compares to the profit before zakat and tax for the previous corresponding quarter was RM118 million.

FGV recorded a revenue of RM3.19 billion compared to RM4.14 billion in the previous corresponding quarter.

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