KUALA LUMPUR: CIMB Equities Research said Felda Global Ventures’ (FGV) 1H14 core net profit was below its and consensus forecasts as it accounted for only 45% of its and 42% of consensus full-year forecasts.
The research house had on Tuesday attributed the weaker performance due to lower-than-expected fresh fruit bunches (FFB) production, which the group attributed to poor weather at its estates.
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