Singapore's Golden Agri-Resources falls most in nearly a year
15/05/2018 06:37
** Shares of Singapore-listed palm oil company Golden
Agri-Resources Ltd GAGR.SI fall as much as 4.2 pct to S$0.345,
biggest pct decline since May 29, 2017
** Co reported 68 pct drop in Q1 net profit at $12
mln urn:newsml:reuters.com:*:nFWN1SL1BC
** Says Q1 palm product output fell both year-on-year and
quarter-on-quarter by 12 pct and 6 pct respectively
** Franky Widjaja, company's chairman and CEO, says,
"Industry experts are also concerned about production surplus in
the second half of the year, due to seasonality and low
production in the first quarter" urn:newsml:reuters.com:*:nSNZ2Sl5ls
** About 16.86 mln shares change hands, compared with their
30-day average volume of 12 mln
** Stock has fallen nearly 2.7 pct this year up to Monday,
compared with an 4.7 pct rise in FTSE Strait Times index .STI
(harish.bhaskar.thomsonreuters.com@reuters.net)
Recent news on Golden Agri-Resources
See all newsBrief: Golden Agri-Resources Gives Update On Transboundary Haze Matters, Cooperation With Authorities
Brief: Golden Agri-Resources Maintains Fire Prevention, Monitoring And Response Framework Designed To Enable Early Detection
Brief: Golden Agri-Resources Says Representatives Of Co, Other Companies That Had Received Notices From NEA, Met With Singapore Ministers
Brief: Golden Agri-Resources Says Recent Forest And Land Fires Did Not Have Material Negative Impact
Brief: Golden Agri-Resources Says No Material Negative Impact To Operational Activities, Others