Forum : Stock: [FGV]: FGV HOLDINGS BERHAD

FGV Holdings shows improved plantation productivity for the first
quarter of 2019

KUALA LUMPUR, 8 APRIL 2019 - FGV Holdings Berhad is pleased to announce its crop
production figures for 1Q2019. For the period in review, the Group’s key operational
performance indicators that are being tracked on a daily basis, showed improvement, beating
internal targets that were benchmarked against the industry, while taking into account site
yield potential and the time required to rehabilitate its estates.

The group produced a total of 1.06 million MT of fresh fruit bunches (FFB) from its 23 regions,
compared to 990,845 MT produced in the same period in 1Q2018, an increase of 6.6%.

The Group’s 68 mills processed a total of 3.67 million MT of FFB up 8.3%, compared
to 3.39 million MT processed in 2018. Oil extraction rate (OER) for the three months in review
improved to 20.76% from 19.75%, an improvement of 5.1% from the previous corresponding
period.
FGV produced a total of 761,832 MT of crude palm oil in 1Q2019, compared to 669,534 MT
for the same period in 2018.
“I am pleased to report that FGV’s Plantation Sector has exceeded internal targets and is on
track to achieve its 2019 KPIs,” Dato’ Haris Fadzilah Hassan, FGV’s Group Chief Executive
Officer said.

The better operational results can be attributed to several changes that have been made to
improve performance, including plantation management and crop evacuation methods.

“As we move into the next phase of implementing our Transformation Plan, we expect FGV’s
operational performance to regularize further,” Haris Fadzilah said. He added that all the
Group’s replanting efforts were on track and 17,250 ha of old estates would be replanted in
this financial year.
Items Production
Jan 2018
Production
Feb 2018
Production
Mar 2018
Production
Jan 2019
Production
Feb 2019
Production
Mar 2019
Fresh Fruit
Bunches 339,760 MT 306,864 MT 344,222 MT 360,812 MT 331,453 MT 363,656 MT
Crude Palm Oil
Produced 230,149 MT 205,118 MT 234,268 MT 261,812 MT 239,993 MT 260,029 MT
Palm Kernel
Produced 64,097 MT 54,907 MT 62,082 MT 66,592 MT 61,969 MT 69,110 MT
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6119713

Tongkarat

7,588 posts

Posted by Tongkarat > 2019-04-08 21:20 | Report Abuse

Good sharing 8888_.... Good performance by the new management team....

8888_

2,919 posts

Posted by 8888_ > 2019-04-08 21:23 | Report Abuse

Resolving the woes of Felda settlers
https://www.theedgemarkets.com/article/resolving-woes-felda-settlers

Tongkarat

7,588 posts

Posted by Tongkarat > 2019-04-08 21:24 | Report Abuse

Bravo to the new management team.... positive results presented by them....

8888_

2,919 posts

Posted by 8888_ > 2019-04-08 21:26 | Report Abuse

"Felda land, especially those plots left unused, can be optimised by planting other agricultural crops to meet domestic demand or for export," she said.

She said the Geographic Information System, a computer system to store, analyse and display geographically referenced information, can be used to analyse Felda's land use.

"Felda already has a complete drainage and irrigation system, so there will be no problems planting substitute crops and carrying out livestock farming

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