KUALA LUMPUR: CIMB Equities Research said Felda Global Ventures’ (FGV) 1H14 core net profit was below its and consensus forecasts as it accounted for only 45% of its and 42% of consensus full-year forecasts.
The research house had on Tuesday attributed the weaker performance due to lower-than-expected fresh fruit bunches (FFB) production, which the group attributed to poor weather at its estates.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!
