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Golden Agri Q1 profit falls 8% to US$103.9m

Topline shows robust downstream and upstream business
Thursday, May 15, 2014 - 06:00

THE world's second largest palm oil producer Golden Agri-Resources (GAR) earned US$103.9 million for the first quarter ended March, down 8 per cent from a year ago.

This was mainly due to higher raw materials cost borne by its downstream business despite higher production and selling

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