FGV losses widen on lower FFB production, Covid-19 disruption


Sales are expected to pick up in tandem with production in 2H, says FGV group CEO Datuk Haris Fadzilah Hassan

KUALA LUMPUR: Despite a dismal first quarter, FGV Holdings Bhd is looking forward to a better second half of 2020 with a pick up in both fresh fruit bunch (FFB) production and overall performance.

"With Indian trade restored, and the easing of Malaysia's movement control order, sales are expected to pick up in tandem with production, as the impacts of drought and fertiliser adjustments in 2019 wane in the second half of 2020," said FGV group CEO Datuk Haris Fadzilah Hassan.

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FGV , plantation , CPO , FFB

   

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