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Tajuk : FGV returns to the black in 1Q on higher revenue, lower expenses
link : FGV returns to the black in 1Q on higher revenue, lower expenses
FGV returns to the black in 1Q on higher revenue, lower expenses
KUALA LUMPUR (May 31): Higher revenue and lower administrative expenses helped Felda Global Ventures Holdings Bhd (FGV) turn around in its first quarter ended March 31, 2017 (1QFY17), as it delivered a net profit of RM2.47 million against a net loss of RM81.08 million a year ago.
Earnings per share in the quarter under review stood at 0.1 sen, against 2.2 sen in losses per share in 1QFY16. The better performance in the quarter was attributable mainly to its plantation and logistics sectors, which benefitted from better palm oil product prices and production.
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