December 27, 2014 11:20 PM ET

Food Products

Company Overview of Felda Global Ventures Holdings Berhad

Company Overview

Felda Global Ventures Holdings Berhad, an investment holding company, is primarily engaged in agri-business worldwide. The company’s Plantation segment cultivates, harvests, produces, and processes fresh fruit bunches; and sells crude palm oil (CPO) and palm kernel (PK). Its Downstream segment refines CPO; fractionates refined bleached deodorized palm oil and palm olein; crushes PK; processes and sells biodiesel products; and produces oleo chemicals, such as fatty acid and glycerin, as well as produces consumer end products. The company’s Sugar segment refines sugar; and markets refined sugar and molasses. Its Manufacturing, Logistics & Others segment provides bulking and transportation faci...

Menara Felda

Level 42

Platinum Park No. 11

Persiaran KLCC

Kuala Lumpur,  50088

Malaysia

Founded in 2007

Phone:

60 3 2859 0000

Fax:

60 3 2859 0016

Key Executives for Felda Global Ventures Holdings Berhad

Chief Executive Officer
Age: 50
Total Annual Compensation: $1.2M
Compensation as of Fiscal Year 2013.

Felda Global Ventures Holdings Berhad Key Developments

Felda Global Ventures Holdings Berhad Announces Production Results for the November 2014

Felda Global Ventures Holdings Berhad announced production results for the November 2014. For the month, the company produced fresh fruit bunches of 388,936 MT, rubber of 466,159 MT, crude palm oil produced 283,789 MT and palm kernel produced 73,181 MT.

Felda Global Ventures Holdings Berhad Announces Change of Correspondence Address

Felda Global Ventures Holdings Berhad announced change of correspondence address from Level 42, Menara Felda, Platinum Park, No. 11, Persiaran, KLCC 50088 Kuala Lumpur to Level 45, Menara Felda, Platinum Park, No. 11, Persiaran KLCC 50088 Kuala Lumpur. Effective date is December 1, 2014.

Felda Global Ventures Holdings Berhad Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Felda Global Ventures Holdings Berhad reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of MYR 4,324,895,000 compared to MYR 3,220,378,000 a year ago. Operating profit was MYR 224,491,000 compared to MYR 113,190,000 a year ago. Operating profit after LLA was MYR 125,596,000 against MYR 72,138,000 last year. Profit before zakat and taxation was MYR 95,181,000 compared to MYR 86,499,000 a year ago. Profit from continuing operations was MYR 28,235,000 compared to MYR 82,246,000 a year ago. Loss attributable to owners of the company was MYR 9,332,000 or 0.3 sen per basic share compared to profit attributable to owners of the company of MYR 22,899,000 or 0.6 sen per basic share a year ago. PBT was lower than that of the preceding quarter primarily due to the volatility in commodity prices. For the nine months, the company reported revenue of MYR 12,134,504,000 compared to MYR 8,893,912,000 a year ago. Operating profit was MYR 1,023,020,000 compared to MYR 587,999,000 a year ago. Operating profit after LLA was MYR 706,429,000 against MYR 723,462,000 last year. Profit before zakat and taxation was MYR 686,136,000 compared to MYR 838,536,000 a year ago. Profit from continuing operations was MYR 464,290,000 compared to MYR 641,319,000 a year ago. Profit attributable to owners of the company was MYR 286,158,000 or 7.8 sen per basic share compared to profit attributable to owners of the company of MYR 482,327,000 or 13.2 sen per basic share a year ago. Net cash generated from operating activities was MYR 1,038,146,000 compared to MYR 742,439,000 a year ago. Purchase of property, plant and equipment was MYR 456,624,000 against MYR 169,825,000 last year. Purchase of biological assets was MYR 21,081,000 against MYR 11,463,000 last year. Purchase of intangible assets was MYR 3,943,000 against MYR 4,120,000 last year. The group registered a lower profit before taxation. This was largely due to the volatility in commodity prices and as a result of fair value charge in LLA of MYR 316.59 million in 2014 against fair value gains of MYR 135.46 million in 2013.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 31, 2014
FELDA IFFCO South China Ltd.
Merger/Acquisition
August 29, 2014
Asian Plantations Limited
 

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