FGV 1Q net loss narrows to RM35.4m, revenue climbs


FGV said the plantation sector registered a lower loss of RM50.78mil in 1QFY21 versus RM147.27mil a year ago.

KUALA LUMPUR: FGV Holdings Bhd’s net losses narrowed sharply to RM35.42mil in the first quarter ended March 31,2021 as its revenue increased on higher crude palm oil (CPO) prices.

In its statement to Bursa Malaysia on Friday, it said the net losses were lower compared with RM142.35mil a year ago.

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FGV , land lease agreement , sugar , crude palm oil

   

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