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Golden Agri back in the black on lower expenses, boost from other income
Published Thu, Nov 14, 2019 · 09:50 PM
Singapore
PALM oil plantation owner Golden Agri-Resources (GAR) on Thursday posted a third-quarter net profit of US$801,000, reversing from a loss of US$53.9 million in the year-ago period, as lower expenses and "other income" gave a boost to its bottom line.
Earnings per share for the quarter came in at 0.01 US cent, against a loss of 0.42 US cent last year. No dividend was declared.
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