FGV shares fell at afternoon session
File picture shows Felda Global Ventures Holdings Bhd CEO and president Datuk Zakaria Arshad speaking during a press conference in Kuala Lumpur February 23, 2018. ― Picture by Yusof Mat Isa
KUALA LUMPUR, Feb 28 — Shares of FGV Holdings Bhd fell in the afternoon session after reporting a weak financial performance for the financial year ended Dec 31, 2018 . The performance was marred by impairments and lower average crude palm oil price realised of RM2,282 per tonne for the year.The conglomerate reported a net loss of RM1.080 billion for FY18 compared with a net profit of RM130.928 million recorded in 2017.
It also announced a decrease in revenue of RM13.467 billion in 2018 from RM16.921 billion registered in the 2017 financial year.
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