KUALA LUMPUR: FGV Holdings Bhd
recorded a net profit of RM75.79mil in the fourth quarter of its financial year ended Dec 31,2019, versus a net loss of RM209.16mil in the previous corresponding quarter.
In a statement, the group attributed the profit to improved crude palm oil margins, reduced operating costs and lower impairment losses of RM17mil as compared to RM151mil in 4Q of the previous year.
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