Haris described Q4 as the highest positive financial performance in five years for FGV.
KUALA LUMPUR: FGV Holdings Bhd
recorded its highest positive financial performance in five years as its earnings were boosted by strong crude palm oil (CPO) prices which saw its revenue climb to RM4bil in the fourth quarter ended Dec 31,2020 (Q4 FY20).
FGV said profit before zakat and tax (PBZT) jumped by over 600% to RM326mil compared with RM46mil a year ago, noting that CPO price averaged RM3,059 per tonne (MT) in Q4 FY20 compared with RM2,159 a year ago.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
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!
