Felda Global Ventures

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FGV Reports Revenue of RM7 Billion for Six Months Ended 30 June 2015

The Group records improved quarter-on-quarter performance in 2Q FY2015 compared to 1Q FY2015, but challenging second half of the year expected with bearish CPO outlook

 

KUALA LUMPUR – Felda Global Ventures Holdings Berhad (FGV) has recorded revenues of RM4.2 billion for the second quarter ended 30 June 2015 (2Q FY2015) and net profit of RM103 million. This is a turnaround from the first quarter with revenues increasing from RM2.7 billion in 1Q FY2014 by 55% to RM4.2 billion, while net profit more than tripled from RM30 million to RM103 million.

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FGV-APL conducts field day to increase awareness on best agriculture practices amongst smallholders in Sarawak

Miri, Sarawak.

Asian Plantation Limited (APL), a subsidiary of Felda Global Ventures Holdings Berhad (FGV), held a field day for smallholders surrounding its plantation and mill here to increase awareness on best agriculture practices in their respective estates. (more…)

FGV’s response to the Wall Street Journal (WSJ) article

FGV notes with concern the Wall Street Journal (WSJ) article on 27 July 2015 and subsequent media reports quoting WSJ, alleging human rights abuses on our plantations. We state unequivocally our commitment to ethical and transparent operations to ensure equitable long-term value for all our stakeholders: including employees, smallholders and plantation workers, without whom we would not be able to operate daily. (more…)

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