Zahid, who is also the rural and regional development minister, said this included Felda palm lot revenue, dividends, management fees and other income.

Meanwhile, Felda’s total expenditure fell 39% 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 parliamentary reply.

The statement was in reply to a query from Salamiah Nor (PN-Temerloh) on Felda’s financial performance up to Q1 2024.

On the agency’s financial performance, Zahid said there was an encouraging improvement in the organisation’s financial management and operations, and a more effective strategy for cost control and efficiency enhancement was implemented compared with the same quarter in 2023.