FGV Annual Report 2017

ANNUAL INTEGRATED REPORT 2017 UNDERSTANDING OUR BUSINESS CONTEXT 49 OUR PERFORMANCE BY SECTOR: SUGAR Management Discussion & Analysis AWARDS AND RECOGNITION IN 2017 OPERATIONAL PERFORMANCE Raw Sugar Import Volume Million MT Production Volume Million MT Export Sales Volume MT Domestic Sales Volume* Million MT * excluding molasses * restated 2016 2016 2016 2016 2017 2017 2017 2017 1.04 137,650 0.89 1.02 139,540 0.86 0.97* 1.06 The Sector’s revenue rose to RM2,670.56 million from RM2,659.54 million in 2016 mainly due to improved average selling price by 11.16%. The Sector’s Profit Before Zakat and Tax (PBZT) reduced to RM1.89 million from RM151.81 million due to increase in average raw sugar cost of RM2,131 per MT (2016: RM1,778 per MT) and the weakening Ringgit of RM4.36 per USD (2016: RM4.15 per USD). KEY FINANCIAL REVIEW FOR 2017 Revenue PBZT RM2,670.56 million RM1.89 million • Best Brands in Manufacturing (Sugar) - The BrandLaureate Best Brands Awards 2016-2017 EP