Indofood Agri Resources reverses into deep loss in Q4
Singapore
INDOFOOD Agri Resources has recorded a net loss of 211.70 billion rupiah (S$20.4 million) for the fourth quarter to Dec 31, sinking into the red from a net profit of 76.94 billion rupiah the year before.
This was mainly due to the fall in sales and profit in its plantation division arising from weak commodity prices, partly offset by strong performance in the edible oils and fats (EOF) division, the mainboard-listed company said in a regulatory filing. Loss per share (LPS) was 151.7 rupiah per share, from earnings per share (EPS) of 55.1 rupiah the year before.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Google, US clash over search advertising as trial winds down
Apple rallies most in 18 months on upbeat forecast, buyback
US: Wall St opens sharply higher on soft jobs data
HSBC has no plans to dispose of further businesses, chairman says
Glencore Group nears deal for Shell’s Singapore oil refinery
Chinese share of French EV market slumps after incentives curbed