FGV Q2 operating profit up 30.4% to RM102.3m on-year


KUALA LUMPUR: FGV Holdings Bhd saw its operating profit climb by 30.4% to RM102.28mil in the second quarter ended June 30, 2019 but a jump in finance costs pushed its bottomline into the red.

It reported on Wednesday its operating profit had risen from RM78.41mil a year ago. However, fair value changes in the land lease agreement (LLA) liability jumped to RM78.90mil from RM28.23mil, weighing on its profitability.

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