Golden Agri: operations in Liberia unaffected by Ebola
Q2 profit falls 40% despite revenue rise; palm, laurics segment face margin pressure
PALM oil plantation company Golden-Agri Resources has said that its operations in the West African country of Liberia are unaffected by the outbreak of Ebola for now, and that there has been no case of the disease within its area of operations.
The company in fact expects to step up on planting this year from last year's level; planting had slowed down then as a result of local social issues.
Its chief financial officer Rafael Concepcion said at a results briefing: "The operations are running as normal, but we have taken preventive measures such as screening people for illnesses and restricting non-essential travel among our employees."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Honda to spend US$11 billion on EV strategy in Canada
GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology
Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336
Nasdaq’s profit falls as shaky economy keeps IPO revival elusive
iFast Q1 net profit surges on ePension unit performance
Suntec Reit Q1 DPU down 13% to S$0.01511 in absence of capital distribution