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NewsFGVH posts lower Q1 pre-tax profit of RM280m
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FGVH posts lower Q1 pre-tax profit of RM280m
by hlk Mon 25 Jun 2012, 21:22
Felda Global Ventures Holdings Bhd posted a lower pre-tax profit of
RM280.806 million for the first quarter ended March 31, 2012 compared
with RM495.284 million recorded in the same period last year.
Revenue rose to RM1.719 billion, during the period under review, from RM1.688 billion recorded previously.
In a filing to Bursa Malaysia, the company said the higher revenue
was due to better sales of crude palm oil and palm kernel but this was
offset in part by a decrease in revenue from the downstream segment.
Meanwhile, Felda said its operation for the financial year ended
Dec 31, 2012 was expected to be influenced by the ability to maintain
market share, grow sales and economic recovery both at home and
globally, it added. -- Bernama
RM280.806 million for the first quarter ended March 31, 2012 compared
with RM495.284 million recorded in the same period last year.
Revenue rose to RM1.719 billion, during the period under review, from RM1.688 billion recorded previously.
In a filing to Bursa Malaysia, the company said the higher revenue
was due to better sales of crude palm oil and palm kernel but this was
offset in part by a decrease in revenue from the downstream segment.
Meanwhile, Felda said its operation for the financial year ended
Dec 31, 2012 was expected to be influenced by the ability to maintain
market share, grow sales and economic recovery both at home and
globally, it added. -- Bernama
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