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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

FGV , land lease agreement , sugar , crude palm oil

   

Next In Business News

Meta Bright signs RM24mil leasing contract with Australia company
OCR Group to develop RM313mil residential project in Rawang
Fajarbaru wins RM252mil contract from WCT
Axis-REIT disposes of property in Johor for RM162mil
Data centres make up the bulk of RM144.7bil in approved digital investments
Tengku Zafrul: 2,214 EV Charging stations installed, Miti maintains 10,000 target by 2025
FBM KLCI closes at highest in 2 years
Country Garden allowed to postpone first payments on three onshore bonds
Thai c.bank says intervenes to ease baht volatility, policy rate 'robust'
Indonesia's central bank delivers surprise rate rise to support rupiah

Others Also Read