74 FGV HOLDINGS BERHAD ABOUT FGV MANAGEMENT DISCUSSION & ANALYSIS VALUE CREATION Group Business Review Logistics & Others FINANCIAL PERFORMANCE LO Sector recorded an increase in profit by 79% to RM90.35 million from RM50.49 million profit in previous financial year. Profit from Logistic Division increased by 18% attributed to the higher average handling rate and other incomes while Information & Communication Technology (ICT) and Others Division registered an improvement underpinned by lower expenses incurred in IT business and reduced marketing expenses in travel business due to interstate travel restrictions and closure of national border under the MCO. Revenue Revenue Bulking Transport PBZT PBZT RM210* million RM245* million RM80 million RM11 million 2020 : RM201 million 2020 : RM73 million 2020 : RM229 million 2020 : RM4 million * The revenue in bulking and transport includes both external and internal revenues Standing: (from left) • Abdul Halim Ab Wahid – Senior General Manager (Special Projects) • Omar Affan – Head, Strategy & Business Development • Kamaradin Selamat – Chief Executive Officer, FGVJB Group of Companies • Rahmat Mohamed – Head, Human Resource • Amirul Hadi – Chief Executive Officer, Felda Travel Sdn Bhd Sitting: (from left) • Jainal Ismail – Chief Executive Officer, FGV Transport Services Sdn Bhd • Azman Ahmad – Group Divisional Director, LO Sector • Ali Mustafa – Chief Executive Officer, FGV Prodata
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