United Malacca sees higher FFB production in FY23

PETALING JAYA: United Malacca Bhd expects fresh fruit bunch (FFB) production to increase in the financial year 2023 (FY23), on the back of higher yield performance, but the group cautioned against rising operating costs due to higher logistics, material and labour costs.

For the third quarter ended Jan 31, 2023 (3Q23), the plantation group’s revenue increased by 9.4% year-on-year (y-o-y) to RM161.6mil.