The Business Times
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First Resources posts 16.1% fall in Q3 profit

Nisha Ramchandani

Nisha Ramchandani

Published Thu, Nov 13, 2014 · 09:50 PM
First Resources

Singapore

FIRST Resources reported a 16.1 per cent slide in net profit to US$43.14 million for the third quarter ended Sept 30 on the back of lower average selling prices of crude palm oil and its refined products.

This was partially offset by higher sales volumes from the refinery and processing segment on the back of capacity expansion.

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