KUALA LUMPUR (Feb 28):
FGV Holdings Bhd reported a net loss of RM1.080 billion for the year ended Dec 31, 2018 (FY18) compared with a net profit of RM130.928 million recorded in 2017.
In a filing with Bursa Malaysia, it also announced a decrease in revenue of RM13.467 billion in 2018 from RM16.921 billion registered in the 2017 financial year.
The group results was largely hit by impairments and lower average crude palm oil (CPO) price realised of RM2,282 per tonne for the year.
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