FGV earnings likely to continue improving on robust CPO prices

KUALA LUMPUR: FGV Holdings Bhd (FGV) earnings are expected to continue to improve on the back of its strong fourth quarter results, higher crude palm oil prices and as its transformation plans bear fruit, according to brokerage firms.

The company posted net profit of RM75.79mil in the fourth quarter ended Dec 31,2019 (4Q19) compared with a net loss of RM209.16mil a year ago due to improved crude palm oil margins and reduced operating costs.