Felcra distributes over RM190m to nearly 70k participants

Deputy Prime Minister Ahmad Zahid Hamidi has announced a final distributable profit for 2024 amounting to RM192.51 million for Felcra Bhd’s participant project.

The rural and regional development minister said the profits were generated from 583 profitable projects and would be distributed in stages starting yesterday to 68,400 participants.

“I congratulate Felcra for successfully maintaining an excellent performance with a profit of more than RM192.51 million, an increase of 154 percent or RM116.73 million compared to the same period in 2023.

“This is proof of the dedication and hard work of the entire team in empowering the rural economy,” he said when delivering a speech at the Santunan Kasih Ramadan event in Kampung Kuala Akob, Terengganu, yesterday.

Zahid said the higher profit led to an increase in the average annual net income per participant to RM4,420.

He noted that this improvement was driven by several key factors, including increased oil palm plantation yields in the Consolidation and Rehabilitation Plantation Management programme, which saw a 9.23 percent increase or 1.44 tonnes per hectare.

Additionally, the implementation of cost-saving strategies in production also contributed to a reduction in costs by over RM401 per hectare.

“Felcra’s goal is to ensure each participant receives a minimum profit distribution of RM150 per acre (0.404ha) per month, or RM1,800 per acre per year, as a guarantee for the participants’ welfare,” he said.

He noted that Felcra previously made a first interim payment of RM96 million to participants in June 2024, followed by a second interim payment in September 2024 totalling RM129 million.

In total, Felcra recorded a distributable profit of RM521.9 million in 2024, marking an increase of 138.4 percent or RM302.9 million compared to 2023.

These figures demonstrate Felcra’s strong commitment to ensuring its participants benefit from the nation’s development, he added.

- Bernama

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