FGV’s earnings jump 350% to RM143.7m in FY17 – Business News


KUALA LUMPUR: Felda Global Ventures Holdings Bhd ‘s (FGV) earnings jumped 356% to RM143.73mil in the financia year ended Dec 31, 2017 from RM31.46mil in FY16 but Q4 earnings decline.

The company announced on Friday that its revenue however slipped 1.6% to RM16.97bil from RM17.24bil a year ago.

In the fourth quarter, its earnings fell 31.9% to RM76.57mil from RM112.45mil. Its revenue fell at a slower pace of 16.9% to RM4.27bil from RM5.15bil.

Earnings per share were 2.1 sen compared with 3.1 sen.

Read more : thestar

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