Press Centre

Media Statement of EPF’s Withdrawal from FGV’s shares

We respect the views of our shareholders and we are cognizant of their prerogative to buy or sell our shares as per their investment priorities.

FGV shall continue with our focus on core business, improving productivity of existing assets and divesting non-core assets to deliver returns to shareholders and fulfill our obligation to our stakeholders. We continue to do this while adhering to the relevant governance procedures in a transparent and responsible manner.

We are steadfast in our commitment to the above to unlock our full potential and bring value to FGV shareholders. We will continue to engage with EPF and the investing community to update on our business improvement progress.

We join EPF in urging our stakeholders and the public at large to refer their questions directly to our respective organizations and not to be misled by social media and unsubstantiated online sources.

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FGV Records RM4.19 Billion Revenue for Third Quarter 2016

KUALA LUMPUR, 22 NOV 2016 – Felda Global Ventures Holdings Berhad (FGV) today announced that it recorded RM4.19 billion revenue and RM163 million operating profit for third quarter ended 30 September 2016 (3Q2016).

However, the Group posted a loss of RM23 million compared to PBT of RM108 million in the preceding quarter due mainly to a higher fair value charge on Land Lease Agreement (LLA) of RM105 million compared to RM12 million previously and an unusual stock loss amounting to about RM57 million incurred by a subsidiary of a jointly controlled entity in Turkey of which FGV does not have management control. (more…)

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FGV Records RM4.19 Billion Revenue for Third Quarter 2016

KUALA LUMPUR, 22 NOV 2016 – Felda Global Ventures Holdings Berhad (FGV) today announced that it recorded RM4.19 billion revenue and RM163 million operating profit for third quarter ended 30 September 2016 (3Q2016).

(more…)

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