PETALING JAYA: Felda Global Ventures Holdings Bhd’s (FGV) net profit in the first half to June 30 was below CIMB Research and Bloomberg consensus expectations at 6% of full-year forecasts, mainly due to losses at its sugar division.
“FGV’s results were below expectations as H1’17 core net profit of RM7mil accounted for just 6% of our full-year forecast and 5% of Bloomberg consensus.
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