Felcra to pay out RM27.59 mil in dividends

Economic Affairs Minister Mohamed Azmin Ali says Felcra will ensure the dividend is paid out on time.

KUALA LUMPUR: Felcra Bhd has declared a dividend payout of RM27.59 million to 46,922 participants nationwide.

Economic Affairs Minister Mohamed Azmin Ali said Felcra has allocated 70% of its plantation income from January to April to be distributed to the participants for the interim income payout.

“The remaining 30% will be distributed with the final profit distribution payout in April 2020,” he said in a statement today.

He said Felcra will ensure that the payout is done according to schedule.

“Felcra manages 220,086ha for 112,454 participants, comprising 1,774 projects nationwide.

“The profit to be distributed is derived from the net profits of estates of participants which are managed and developed by Felcra, involving 509 projects,” he said.

Azmin said Felcra’s management has been responsible for ensuring that productivity in the estates is always at an optimum level.

“This effort is to offset incomes affected by the decline in commodity prices in global markets,” he said. - FMT