Improved earnings seen for FGV this year

Better CPO prices and modest production to help.

PETALING JAYA: FGV Holdings Bhd is expected to post a better financial performance this year, buoyed by favourable crude palm oil (CPO) prices with a modest fresh fruit bunch (FFB) production.

Furthermore, the anticipated higher average selling price of refined sugar and increase in the sales volume should help the planter’s listed sugar refiner MSM Malaysia Holdings Bhd to achieve a higher profit margin in the coming quarters.