FGV posts Q1 net loss of RM65m, hit by El Nino

Going downstream: The proposed acquisition of Zhong Ling Nutri-Oil is in line with FGVHB

“The increase in the fair value charge to RM89.72 million in 2016 compared to RM73.51 million in 2015 has also contributed to the decrease in the result from this segment. Excluding the land lease agreement (LLA) effect, the segment's profit reduced from RM71.94mil to a loss of RM10.83mil,” it said.

* See also  FGV expects better results this year by being more efficient