Group CEO Datuk Haris Fadzilah Hassan said he was pleased to report that its transformation plan was obviously bearing fruit, evidenced by the significant improvement in operational performance.
KUALA LUMPUR: FGV Holdings Bhd
narrowed its losses in the third quarter ended Sept 30,2019 with net losses at RM262.41mil compared with RM849.46mil a year ago but it expects its operational numbers to improve due to better crude palm oil (CPO) prices.
It announced on Thursay the 3Q FY19 losses were weighed down by impairments of RM304mil, lower CPO price realised for the period and losses in the sugar business.
Already a subscriber? Log in.
Celebrate Merdeka with 50% Off!
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!
