Singapore's Golden Agri-Resources posts 137 pct spike in Q4 profit
24/02/2017 09:39
SINGAPORE, Feb 24 (Reuters) - Singapore-listed palm oil
company Golden Agri-Resources Ltd GAGR.SI posted a 137 percent
jump in fourth-quarter profit, helped by tax benefits and higher
market prices of crude palm oil (CPO).
Golden Agri, one of the largest palm oil plantation
companies in the world, reported a net profit of $46 million,
compared with $20 million a year ago.
The latest quarter included a net tax impact of $62 million
from a revaluation of its plantation assets in Indonesia.
(Reporting by Aradhana Aravindan; Editing by Biju Dwarakanath)
((aradhana.aravindan@thomsonreuters.com; +65 6403 5659; Reuters
Messaging: aradhana.aravindan.thomsonreuters.com@reuters.net))
Keywords: GOLDEN AGRI RESULTS/
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