Golden Agri posts 44 pct fall in Q4 underlying profit
26/02/2018 23:40
SINGAPORE, Feb 27 (Reuters) - Singapore-listed palm oil
company Golden Agri-Resources Ltd GAGR.SI posted a 44 percent
fall in fourth-quarter underlying net profit and said revenue
fell as production volume and crude palm oil prices declined.
The company posted an underlying net profit, which excludes
non-operating items, of $37 million for the three months ended
December, compared with $66 million a year ago. Revenue fell 10
percent.
Including an impairment loss on China assets, Golden Agri
posted a net loss of $29 million. Last year it agreed to sell
its oilseed crushing and vegetable oil refining business in
China to global trading house Louis Dreyfus Co. urn:newsml:reuters.com:*:nL8N1NX4MZ
(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/
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