Value Creation Is The Bedrock Of Our Business ANNUAL INTEGRATED REPORT 2022 67 Group Business Review LOGISTICS & OTHERS The Logistics & Others (LO) Sector has experienced significant benefits from the ongoing economic recovery as the pandemic continues to recede. This has been reflected in the performance of various divisions within the Sector. The Bulking & Storage Division has recorded higher throughput and better revenue in line with the increased CPO production. Additionally, the Transport Division has experienced higher tonnage carried as economic activities returned to normal. The Information Technology (IT) Division has been participating in external tenders focusing on government contracts. Lastly, the Travel Division has seen a strong rebound in travel demand as borders reopened in 2022. FINANCIAL PERFORMANCE RM389 million REVENUE 2021: RM363 million RM104 million PBT 2021: RM90 million FGV aims to become a total logistic solutions provider in Malaysia.
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