FGV plots to return to sustainable profits

Inset pic shows from left: FGV independent director Datuk Mohd Anwar Yahaya, Azhar, independent director Dr Mohamed Nazeeb P. Alithambi and independent director Datuk Dr Salmiah Ahmad at the briefing

KUALA LUMPUR: The board of FGV Holdings Bhd, led by its chairman Datuk Wira Azhar Abdul Hamid, has introduced new production and cost targets for the plantation company as he plots a return to sustainable profitability.

The immediate turnaround plan entails the formation of a special board committee, establishment of transformation office, enhancements in plantation operation as well as review of investigations and proceeding with all legal recourse.