FGV rugi besar rm34 jota di 3Q2015

freebird

FGV sinks deeper into net loss


KUALA LUMPUR: Felda Global Ventures Holdings Bhd’s (FGV) net loss widened by 263.5% year-on-year (y-o-y) to RM33.92mil for the third quarter (Q3) ended Sept 30 despite achieving 13.8% higher revenue of RM4.51bil.

This translates into loss per share of 0.9 sen from 0.3 sen previously.

Announcing its unaudited Q3 results to Bursa Malaysia on Thursday, the agri-business conglomerate said the group made an after-tax profit of RM20.19mil, 12.2% lower compared with a year earlier.

FGV attributed the weaker profit to lower crude palm oil (CPO) prices, higher fair value charges in the land lease agreement with parent company Felda (which owns 33.66% in FGV) and higher foreign exchange (forex) loss arising from the weakening ringgit.

For the nine-month financial period, earnings plunged to RM15.74mil from RM298.16mil recorded in the corresponding period of 2014 due to lower contribution from the palm plantation segment and loss incurred in its trading, marketing and logistics (TML) segment.

Revenue did not change much, rising 0.6% to RM11.41bil.

For the Jan-Sept 2015 period, profit contribution from sugar refining and trading activities overtook that of its palm plantation activities, which included processing CPO and palm kernel.

The world’s largest CPO producer said palm plantation’s pre-tax profit plunged 74.6% to RM123.93mil due to lower CPO prices and lower fruit production while the sugar segment boosted its profit by 14% to RM292.4mil.

FGV realised a lower average CPO price of RM2,235 per metric tonne against RM2,506 per tonne in the same period last year. On top of that, fresh fruit bunch production shrank 7% to 3.46 million tonnes.

In contrast, the sugar segment enjoyed 12% lower raw sugar costs and 44% higher industrial sales. These propped up its bottom line despite sales volume in both the domestic and export markets falling by 17% and 20% respectively.  

FGV’s palm downstream segment’s profit grew 150% y-o-y to RM4.43mil. FGV said this was due to the local downstream company changing its activity to providing tolling services to the group compared to refining last year.

The group’s TML business was the year’s worst performer, swinging to a loss of RM79.84mil from a profit of RM50.86mil previously.

The FGV board declared an interim dividend payment of 2 sen per share for the nine-month financial period ended Sept 30, compared with the cumulative dividend of 6 sen for the corresponding period of last year. The dividend would be paid by Dec 28, the company said.

In a media statement, FGV group president and chief executive officer Datuk Mohd Emir Mavani Abdullah said lower CPO prices had affected most plantation players, including FGV.

“Despite slumping to a six-year low in August 2015 and with supply surpassing demand, we have to be reminded that palm oil is a long-term play and a cyclical sector. Based on our forecast, we expect the CPO to trade at RM2,300–RM2,400 per tonne in the first quarter of 2016,” he said.

Emir said that to remain resilient, and to actively offset volatile CPO prices, the group maintained a diversified revenue base and had implemented several programmes/practices that had already yielded positive results.

On prospects for the year, FGV told Bursa Malaysia that the group expected to operate in a challenging environment with the slowdown in the Chinese economy, uncertain global financial markets and volatile forex rates.

“However, CPO prices are expected to increase in the medium term in anticipation of the expected supply shortages due to the severe dry weather from El Nino and Indonesian haze, coupled with the strengthening of the US dollar,” it said.

FGV said the group would focus on improving margins by continuing to carry out transformation plans to improve efficiencies in the operational value chain from the upstream production down to the downstream operations and consumer goods production.

FGV shares shed 1 sen to close at RM1.84 on Thursday.

kesian kat makcik pakcik felda.... mengharapkan penyangak2 ameno berniaga untuk mereka ....rugi memanjang...

kaseh80

Mismanagement oleh PENGURUSAN FGV

BELANJA SAKAN DUIT MASOK TAKDE

freebird

kaseh80 replied at 27-11-2015 12:36 PM
Mismanagement oleh PENGURUSAN FGV

BELANJA SAKAN DUIT MASOK TAKDE

nak buek camno, pongorusi felda kotua penyangak...

CaptainAmerica

satu thread lagi puji puji felda

kaseh80

Thread yg lagi satu tu

THREAD CARI MAKAN

kentel

hehe...jgn risau...felda da ade bangunan baru... status mampu la tu

xAthenax

Jangan khuatir Tanah Felda masih berjota jota ekar
itu kira aset tu

kaseh80

Bangunan baru buat apa

Kalau keuntungan merudum

Operational budget pun tinggal ciput

AbukRokok

ehhhh bukan untung bertambah ke

dizek

portal TheMalaysianChinese
sangat mengambil berat akan
kepentingan felda dan masyarakat di luar bandar

analisa mereka sangat terperinci, termasuk
menokok tambah dan tampering fakta asal,
demi memastikan felda sentiasa di
landasan terbaik dalam menjana keuntungan tinggi,

yang pasti, spinning adalah trademark
portal themalaysianchinese

dizek

AirAsia reports Q3 net loss

26 NOVEMBER 2015 @ 10:47 PM

KUALA LUMPUR: AirAsia, the region’s biggest budget carrier by fleet size, said Thursday it suffered a loss in the third quarter, bogged down by foreign exchange losses and its Indonesian operations. AirAsia registered a net loss of RM405.72 million (US$95.9 million) in the quarter ending September 30.

The company had registered a profit of RM5.4 million in the corresponding period of 2014. Revenue increased by 15 percent to RM1.52 billion due to an increase in passenger numbers, fuelled in particular by increased demand from Chinese travelers, AirAsia said.

The discount carrier, in a statement, added that foreign exchange losses were RM435.98 million, up from RM152.66 million a year ago. AirAsia’s boss Tan Sri Tony Fernandes, a former record industry executive, remained optimistic for the rest of the year, insisting that in Malaysia, all signs were “pointing towards rational and sustainable growth in the coming quarters.”

The company’s Indonesian operations, Indonesia AirAsia, (IAA) took a hit with a drop in passengers and revenue fell by 14 percent to 1,483.7 billion rupiah. “IAA’s turnaround plan was solid but was affected by new regulations,” Fernandes said. “Demand during the quarter was affected due to the negative equity regulation introduced which was widely covered by both local and international media.

This created uncertainty and prompted travel agents to divert bookings away from IAA.” Meanwhile, the company’s long haul arm AirAsia X posted on Wednesday a third quarter net loss of RM288.19 million. During the same period last year it suffered a net loss of RM210.85 million.--AFP

Read More : http://www.nst.com.my/news/2015/ ... reports-q3-net-loss

Laporan kewangan AA ini juga wajar dihighlightkan oleh portal
TheMalaysianChinese

no need to target felda only ahso @freebird

zjen

aritu iols dah bagitau saham FGV bebaru ni ada naik sikit,   kalu nak jual boleh bersedia   .....arini 1.80   ....  kalu x tamak cepat sebelum lambat  ....   takut satu hari nanti menjadi MAS,  menyesal pon dah lambat

akusukaq

AAX rugi 289 juta september to november cina dapig tak bersorak pulak ?  Sebab ramai share holder nya cina kann