KUALA LUMPUR: The board of FGV Holdings Bhd, led by its chairman Datuk Wira Azhar Abdul Hamid, has introduced new production and cost targets for the plantation company as he plots a return to sustainable profitability. FGV had posted a net loss of RM21.9mil in the first six months ended June 30. At a press conference yesterday, Azhar said FGV intended to boost its fresh fruit bunch (FFB) production from 4.65 million tonnes estimated this year to 5.6 million tonnes in 2019. As FGV goes through the investigation and legal process, Azhar stressed that the turnaround plan remained its key priority. “The board and management remains quite committed to this (turnaround plan),” he said.

Source: The Star September 03, 2018 23:15 UTC