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Golden Agri disappoints with US$39m Q2 loss

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

"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.


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...