Golden Agri-Resources swings into the red for Q4 with US$29m loss
GOLDEN Agri-Resources has recorded a net loss of US$29 million for the fourth quarter ended Dec 31, 2017, due to an impairment loss on China assets recognised in the quarter. A year ago, it reported a net profit of US$46 million for the three months.
Revenue for the quarter this year slipped 10 per cent to US$1.9 billion, as production volume and CPO (crude palm oil) prices declined, the company said on Tuesday.
Loss per share came up to 0.23 US cent, compared to the previous year's earnings per share of 0.36 cent.
Golden Agri-Resources has proposed a final dividend of 0.116 Singapore cent per share. After incorporating the 0.693 cent per share interim dividend distributed in November 2017, the total dividend for the 2017 financial year will be 0.809 Singapore cent per share.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Coffee variety is priciest since 1970s in blow to instant brews
South Korea’s probe alleges 211.2 billion won of illegal short trades
RBNZ has limited scope to cut cash rate this year: OECD
Crypto.com wants to sponsor more sports after Formula One Miami
Philippine central bank tightens dirty money risk reporting rule
It is time to put idle cash back into the market