KUALA LUMPUR, July 4 — The Federal Land Development Authority (Felda) recorded RM186 million in revenue in the first quarter (1Q) of 2024, up 3 per cent from 2023, said Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi.
Zahid, who is also Rural and Regional Development Minister, said Felda’s total expenditure fell 39 per cent year-on-year to RM278 million.
“The total expenditure included plantation operations cost, administrative cost, settler expenditure, financial cost, and impairment cost,” he said in a written reply on the Parliament website yesterday.
The statement was in reply to a query from Salamiah Mohd Nor (PN-Temerloh) on Felda’s financial performance up to 1Q 2024.
On the agency’s financial performance, Zahid said there was improvement in the organisation’s financial management and operations, and a more effective strategy for cost control and efficiency enhancement has been implemented, compared with in 1Q 2023.
— Bernama
