Golden Agri posts 3 pct rise in Q3 underlying profit

Golden Agri-Resources

14/11/2017 24:24

SINGAPORE, Nov 14 (Reuters) - Singapore-listed palm oil 
company Golden Agri-Resources Ltd  GAGR.SI  posted a 3 percent 
rise in its third-quarter underlying profit, helped by higher 
plantation output. 
    The company posted an underlying net profit, which excludes 
non-operating items, of $79 million for the three months ended 
September, compared with $77 million a year ago. 
    "CPO (crude palm oil) market prices have been robust and we 
are optimistic that they will remain stable for the rest of the 
year," Franky Widjaja, chairman and chief executive officer, 
said in a statement on Tuesday. 
    Golden Agri's net profit fell 80 percent to $44 million. The 
company's results in the same quarter a year ago included 
deferred tax income of $128 million. 
 
 
 (Reporting by Aradhana Aravindan 
Editing by Richard Pullin) 
 ((aradhana.aravindan@thomsonreuters.com; +65 6403 5659; Reuters 
Messaging: aradhana.aravindan.thomsonreuters.com@reuters.net)) 
 
Keywords: GOLDEN AGRI RESULTS/