Deputy prime minister Ahmad Zahid Hamidi said there was an encouraging improvement in Felda’s financial management and operations.
KUALA LUMPUR: Felda recorded revenue of RM186 million in the first quarter (Q1) of 2024, up 3% from the same period last year, said deputy prime minister Ahmad Zahid Hamidi.
Zahid, who is also the rural and regional development minister, said this included Felda palm lot revenue, dividends, management fees and other income.
Meanwhile, Felda’s total expenditure fell 39% year-on-year to RM278 million.
“The total expenditure included plantation operations cost, administrative cost, settler expenditure, financial cost, and impairment cost,” he said in a written parliamentary reply.
The statement was in reply to a query from Salamiah Nor (PN-Temerloh) on Felda’s financial performance up to Q1 2024.
On the agency’s financial performance, Zahid said there was an encouraging improvement in the organisation’s financial management and operations, and a more effective strategy for cost control and efficiency enhancement was implemented compared with the same quarter in 2023.
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