FGV’s Q3 revenue up 34% to RM4.32b

KUALA LUMPUR: Driven by the consolidation of Felda Holdings Bhd (FHB) and Pontian United Plantations Bhd (PUP), Felda Global Ventures Holdings Bhd’s (FGV) revenue jumped 34% to RM4.32bil for the third quarter ended Sept 30 compared to a year earlier.   

Group president and chief executive officer Datuk Mohd Emir Mavani Abdullah said on Thursday: “Not only has the injection of FHB and PUP into FGV had an immediate, positive impact on the group’s revenues, it has also allowed FGV to acquire greater alignment and control of the entire plantation value chain and attain higher operational efficiencies and synergies.”