FGV's Plantation Division Drives Company Back to Profitability

FVG Holdings Berhad's Plantation Division Fuels Company's Return to Profitability Kuala Lumpur, Malaysia – FGV Holdings Berhad (FGV) announced a return to profitability in the first quarter of 2025, driven by the exceptional performance of its plantation division. The company reported a net profit of RM36.48 million, a stark contrast to the RM13.49 million loss recorded during the same period last year. This turnaround is largely attributed to significant increases in both the production and price of Fresh Fruit Bunches (FFB). According to FGV's Chief Executive Officer, Fakhrunniam Othman, "The plantation division's success was fueled by a 5% increase in FFB production, reaching 770,000 tons, and a remarkable 24% surge in FFB prices, reaching RM974 per metric ton." This substantial growth in revenue more than compensated for losses incurred in other divisions of the company. While the plantation division thrived, other segments of FGV experienced challenges. The company's oil and fats division reported a loss of RM11.57 million, while the logistics and support, as well as sugar divisions, also saw reduced profits. Despite these setbacks, the overall financial performance of FGV reflects the strength and resilience of its plantation operations. The positive results highlight the importance of the plantation sector to the Malaysian economy and the potential for future growth in the industry. FGV's success serves as a testament to the company's strategic focus on optimizing its plantation operations and adapting to market fluctuations.