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FGV Recorded PBT of RM26.22 Million for Q1 2018

For the first quarter of its financial year ending 31 March 2018, FGV Holdings Berhad (FGV) registered a Profit Before Tax of RM 26.22 million, a significant improvement from the loss of RM32.26 million recorded in the previous corresponding quarter. This improved performance is attributable to enhanced productivity and improved contributions from the Sugar and Logistics & Support Business (LSB) sectors.

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FGV’s response to Mongabay article ‘Major Islamic financier singled out for deforestation in Indonesia’ dated 1st May 2018

We refer to your article ‘Major Islamic financier singled out for deforestation in Indonesia’ dated 1st May 2018 and in particular the paragraph stating ‘ The Chain Reaction Research report singles out Felda Global Ventures (FGV), an agri-commodities company and joint venture partner with THP, as being particularly at risk. FGV did not respond to a request for comment from Mongabay.’

In light of the above, we would like to inform that we had communicated with The Chain Reaction Research on 20th April 2018 to state that the Felda Iffco Group has divested all its shareholding/interest in PT SON on 12th March 2018. FGV did not have management control of PT SON. Pursuant to the divestment, PT SON therefore is no longer a part of the Felda Iffco Group of Companies.

As such, we would appreciate it if a correction could be made in your article regarding the above matter.

Dato’ Zakaria Arshad
Group President and Chief Executive Officer
FGV Holdings Berhad

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FGV Celebrates Malaysia Day with Tree Planting Programme at FRIM

Felda Global Ventures Holdings Berhad (FGV) celebrated Malaysia Day on Saturday by planting 60 trees of various local species at the Forest Research Institute Malaysia (FRIM), Kepong.

About 100 FGV staff including 30 children hiked 2.5km into the FRIM forest to plant saplings such as Cengal, Meranti, Merbau and Balau whilst enjoying the flora and fauna, learning about the origins and different species along the way.

FGV Officer-in-Charge Dato’ Khairil Anuar Aziz said; “The trees we plant today are not for us, but for our children and the future generation. This programme demonstrates FGV’s commitment to sustainable practices, not only at our plantations.”

Dato’ Khairil also expressed his gratitude to FRIM for organising the programme for FGV staff and their family members. (more…)

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