Felcra’s 1/2021 interim profit for C&R projects surges 146% to RM135.2m

By BERNAMA / Pic by TMR FILE PIX

FELCRA Bhd’s 1/2021 interim profit for consolidation and rehabilitation (C&R) projects for the financial period of Jan 1 to April 30, 2021, surged 146% to RM135.15 million from RM54.93 million for the same period last year.

The company, which is wholly owned by the Minister of Finance Inc, said of the total profit, RM74.31 million will be distributed as an interim 1/2021 distribution in stages starting Wednesday (Aug 23) to 63,353 participating farmers of 656 projects that recorded profits.

Meanwhile, a monthly distribution of RM4.17 million was paid for the period of January to April 2021, making the total interim 1/2021 distribution payment of RM78.48 million.