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Felcra To Distribute RM306.94 Mln In Dividends

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BERA – Felcra Berhad (Felcra) today announced distribution of dividends totalling RM306.94 million from plantation revenue in 2017, for 67,881 of its participants.

Rural and Regional Development Minister Datuk Seri Ismail Sabri Yaakob said this was a 23 per cent increase over the RM249.46 million in dividends in 2016.

He said the dividend payments would begin today, with each participant receiving between RM3,000 and RM6,000, depending on their land size and yield.

“The gross profit achieved at the farms last year was helped by good management practices, leading to an increase in farm productivity by 16 per cent to 17 tonnes per hectare, compared to 15 tonnes per hectare in 2016.

“In addition, the four per cent average increase in palm prices to RM548 per tonne compared to RM529 per tonne in 2016, also contributed to the increase in profits last year,” he told reporters after the Declaration of Dividends for Felcra Participants event at the Rakan Muda Complex here, today.

Also present were Felcra chief executive officer Datuk Zulkarnain Md Eusope and the ministry’s deputy secretary-general (Development) Datuk Azizan Mohamad Sidin.

Ismail Sabri said the profit per hectare had also risen from RM2,376 in 2016 to RM3,064 last year – an increase of 29 per cent.

The Bera MP added that Felcra’s dividend payments were done three times a year, namely during the Aidilfitri festive season, before the new schooling term, and another final payment.

In another development, Ismail Sabri also announced the Assistance for Education (BUDI) programme for the children and grandchildren of Felcra participants through a collaboration between Felcra and Majlis Amanah Rakyat Malaysia (MARA).

“BUDI opens up the opportunity for children and grandchildren of Felcra participants to pursue their studies at Mara Junior Science Colleges (MRSMs) nationwide, and they will receive RM1,500 a year for tuition and other needs,” he said.

Meanwhile, at another event held at the Kampung Bongkok Community Hall here, Ismail Sabri announced dividends totalling RM46.45 million for 9,359 participants of the Rubber Industry Smallholders Development Authority (RISDA) in Pahang.

He said of the total, RM38.44 million was for Commercial Replanting Programme (TSK) participants involving 6,493 smallholders, while RM8 million was for 2,866 participants of the New Group Rubber Planting Programme (RTTB).

According to Ismail Sabri, the disbursement was part of RISDA’s total dividend amount of RM112.33 million announced by Prime Minister Datuk Seri Najib Tun Razak in Temerloh, on April 2.

“RISDA Plantation Sdn Bhd (RPSB) also manages 139 TSK projects in Pahang, with 125 oil palm plantations and 14 rubber plantations on 15,844.59 hectares of land.

“For Bera, RPSB manages four TSK plantations, namely the Sungai Tuang Orang Asli Farm, Kampung Bongkok Orang Asli Farm, (TSK) Bukit Rok, and TSK Bukit Penak, with a total area of ​​568.22 hectares involving 248 participants,” he said. – BERNAMA

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