FGV riding on Q1 profit momentum

CEO Nazrul said the group anticipates improved fresh fruit bunches production this year.

KUALA LUMPUR: While maintaining a profit in the first quarter of the year, FGV Holdings Bhd expects the coming months to remain challenging amid squeezed margins in the plantation sector and increased production cost in the sugar sector.

The group also noted the risk of adverse weather conditions that could impact palm oil production including the El Nino weather phenomenon towards the end of year.