PAHANG, JULY 6 — Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi today announced the distribution of FELCRA Bhd’s Interim Distributable Profit for Year 1, 2026, amounting to RM126.9 million.
Ahmad Zahid said the profit distribution would benefit more than 72,000 participants nationwide.
“This distribution will be channeled in stages to more than 72,000 participants throughout Malaysia, involving 747 projects that have recorded profits,” he said in his opening speech in conjunction with the 2026 World Rural Development Day Celebration at the Tun Abdul Razak Stadium, Jengka Central Town, today.
Meanwhile, FELCRA Berhad Chief Executive Officer Mohamed Ismi Abdul Majid said the first interim profit distribution this year increased 7.6 percent to RM126.9 million compared to RM117 million for the same period last year.
He said it was hoped that the distribution would help improve the well-being of participants, especially in covering the educational expenses of children who were continuing their studies at higher education institutions.
“FELCRA hopes that this profit distribution can help improve the well-being of participants. Many of the participants’ children are now able to continue their studies at higher learning institutions, so with this profit they can use it for that purpose,” he told reporters after the ceremony.
Mohamed Ismi said the increase in production revenue and the decrease in operating costs compared to last year were among the main factors contributing to the increase in profit distribution.
He said the average price of crude palm oil (CPO) for the period from January to April this year was recorded at RM4,367 per tonne compared to RM4,600 per tonne in the same period last year.
“Despite the decline in MSM prices, profits still increased as operating costs were successfully reduced by 12 percent. In addition, the number of projects receiving profit distribution also increased to 747 projects compared to 684 projects last year,” he said.
He said Interim 1 distribution covers profits for the period January to April and payments will be made starting this month, while Interim 2 distribution, which covers the period May to August, is scheduled to be paid in November after the account closing process in September.
— BERNAMA
