The Business Times

Companies & Markets

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Golden Agri's Q3 net profit slumps 86%, poorest quarter in 11 years

Huge foreign exchange loss adds to its other ills of uncertain palm-oil prices, thin margins and China's challenging oilseeds market

Anita Gabriel

Anita Gabriel

Published Wed, Nov 12, 2014 · 09:50 PM
Share this article.

Singapore

FLUCTUATING palm-oil prices, thin margins across the board and a challenging oilseeds business in China led Golden Agri-Resources' net profit to plunge 86 per cent to US$4.36 million in the third quarter from US$30.22 million a year ago.

This would mark the world's second largest oil palm firm's weakest quarterly earnings in 11 years.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

newspaper iconPurchase this articleshopping cart icon

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here