Deferred tax income and forex gains boost Golden Agri Q3 net profit

Singapore

DEFERRED tax income and a foreign exchange gain, instead of a loss in the previous year, boosted Golden Agri-Resources' results for the third quarter.

The group recorded a net profit of US$219.7 million for the three months ended Sept 30, a reversal from a net loss of US$16.4 million in the preceding year, the group said in a Singapore Exchange filing on Monday.