SUBSCRIBERS
Indofood Q1 profit boosted by forex gains, bio assets revaluation
Published Fri, Apr 29, 2016 · 09:50 PM
Singapore
GAINS from the strengthening of the Indonesian rupiah against the US dollar, along with biological assets revaluation, boosted the quarterly results of Indofood Agri.
The Indonesian palm oil producer reported a net profit of 95 billion rupiah (S$9.7 million) for its first quarter ended March 31, 2016, up significantly from four billion rupiah a year ago.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
UBS weighs synthetic risk transfer amid capital boost proposals
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results