Felcra interim profit for C&R projects surges

KUALA LUMPUR: Felcra Bhd’s 2/2021 interim profit for consolidation and rehabilitation (C&R) projects for the financial period of May 1-Aug 31 jumped 155%, or RM152.94mil, to RM251.51mil from RM98.56mil in the same period last year.

Of the total profit, Felcra said a total of 68,930 participants from 719 projects that recorded profits will receive the 2/2021 interim distribution of RM131.54mil in stages.

“Covering the period of May to August, monthly distributions amounting to RM17.08mil had been paid, making the total amount of the 2/2021 interim distribution payments recorded at RM148.62mil.

“As in previous years, the remaining profit surplus will be paid together with the final distribution of 2021 after the adjustment of accounts and savings is made,” Felcra said in a statement.

Chairman Datuk Ahmad Jazlan Yaakub said the hard work of Felcra staff as well as high commodity prices had contributed to Felcra’s success in generating more profits compared to the 2/2020 Interim.

“From the total profit generated for the period May to August 2021, Felcra can distribute a total of RM148.7mil to eligible participants compared to the distribution of RM61.1mil for the same period in 2020,” he said. — Bernama