PETALING JAYA: Felda Global Ventures Holdings Bhd (FGV) posted a 65% drop in second quarter profit from a year ago as its sugar business dragged down group profit on higher raw material prices and a weaker ringgit.
Profit fell to RM25.9mil from RM73.7mil while revenue rose to RM4.22bil from RM4.14bil in the second quarter ended June 30, 2017 compared with the same period in 2016.
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