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Golden Agri disappoints with US$39m Q2 loss

It cites soft palm oil prices, lower production for 'tough quarter'

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"In the longer term, we believe the fundamental demand for palm oil remains robust. We will continue to drive operational transformation for long-term shareholders return," says Mr Widjaja.

Singapore

GOLDEN Agri-Resources missed analyst expectations with a second-quarter net loss of US$39.02 million that reversed a year-ago profit of US$21.88 million amid softer prices and foreign exchange losses.

On a per-share basis, net loss for the...

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