PETALING JAYA: Felda Global Ventures Holdings Bhd (FGV) returned to profitability in its first quarter ended March 31, posting a net profit of RM2.46mil on the back of revenue that grew to RM4.32bil from RM3.76bil a year ago.
Lowered costs and higher revenue due to the plantation, logistics and others, and sugar sectors by 11%, 57% and 17% respectively, compared to the same period last year saw its bottom line improving in the quarter.
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