CGC-CIMB Research projected lower core net loss in 4Q and the group to turn profitable in FY20F on the back of improved CPO prices and lower losses from its sugar division.
KUALA LUMPUR: FGV Holdings Bhd
reported a lower core net loss of RM21mil in 3Q19 (vs. RM66mil loss in 2Q19), wider than CGS-CIMB Equities Research’s forecast due to higher losses from the sugar division.
It said on Friday the fresh fruit bunches (FFB) yields at its estates improved but fell short of its target.
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