KUALA LUMPUR: More mature trees coming on board will boost Felda Global Ventures Holdings Bhd’s (FGV) profitability and bottom line from this year onwards, said group president and chief executive officer Datuk Zakaria Arshad. Zakaria remained tight-lipped on the data but was confident the results would be positive. Besides improving crude palm oil prices, he said FGV’s replanting efforts had started to bear fruit. About 70,000ha of palms are expected to come into maturity this year. This will increase the yield by 500,000 tonnes of fresh fruit bunches, bringing the total yield to 4.6 million tonnes.

Source: New Strait Times February 10, 2017 03:00 UTC