STATEMENT FROM THE BOARD OF DIRECTORS OF FGV HOLDINGS BERHAD

Kuala Lumpur, 28 August 2018 – The Board of Directors of FGV Holdings Berhad refers to the announcement of the Group’s financial results for its half year ended June 2018 and Bursa Announcement dated 16th May, 2018. The latter refers to forensic investigations initiated in late 2017, on various transactions that have resulted in exposing FGV to significant financial loss.

1.The performance of FGV for 1HFY2018

For the second quarter ended June 2018 (2Q2018), FGV recorded a revenue of RM3.44 billion compared to RM4.21 billion in the previous corresponding quarter. Profit before zakat and tax for 2Q2018 was RM1.25 million a 98.78% decline from the RM102.44 million registered in the previous corresponding quarter. (more…)

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