FGV 3Q net loss narrows on higher yield and lower operating cost

FGV 3Q net loss narrows on higher yield and lower operating cost

The Malaysian Reserve-News·2019-11-28 15:12

FGV Holdings Bhd’s net loss for the third quarter ended June 30, 2019 has narrowed to RM262.4 million from RM849.4 million a year ago on higher yield and lower operating cost, balanced by lower crude palm oil (CPO) price and losses incurred in its sugar sector.

In a filing today, FGV said its revenue for the quarter rose 11% to RM3.55 billion from RM3.19 billion previously.

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