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IndoAgri earnings continue to slide

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Published Wed, Oct 30, 2013 · 10:00 PM

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INDOFOOD Agri Resources' earnings dived 52 per cent in the third quarter due to the twin pressures of lower selling prices and higher production cost, making it four quarters in a row of lower earnings.

Net profit for the July-September quarter slid to 122.9 billion rupiah (S$13.7 million), representing earnings per share of 86 rupiah, compared with 179 rupiah last year.

The firm's top line fell 13 per cent to 3.08 trillion rupiah.

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