Malaysia's Felda Global returns to profit in third quarter
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Kuala Lumpur
MALAYSIA'S Felda Global Ventures Bhd (FGV), the world's No 3 palm plantation operator, returned to profitability in the third quarter on increased production and predicted a further rise in output next year.
The company reported a net profit of RM38.8 million (S$12.7 million) for the quarter ended September, compared with a loss of RM73.6 million a year earlier, it said on Thursday in a statement to the stock exchange.
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