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Golden Agri sinks into the red with US$95m net loss in Q1

Loss mainly due to forex translation losses; revenue rose 2% to US$1.66 billion on higher average selling prices

Published Thu, May 14, 2020 · 09:50 PM
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Singapore

GOLDEN Agri-Resources has sunk into the red with a net loss of US$95 million for its first quarter ended March 31, reversing from a profit of US$18 million a year earlier.

This was mainly due to foreign exchange translation loss, the palm oil plantation owner said on Thursday.

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