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IndoAgri sinks deeper into the red in Q2
Net loss widens to 216.5 billion rupiah on weak commodity prices and lower contributions from its plantation division
Add BT as a preferred sourcePublished Wed, Jul 31, 2019 · 09:50 PM
Singapore
WEAK commodity prices and lower contributions from its plantation division dragged mainboard-listed Indofood Agri Resources (IndoAgri) deeper into the red for its fiscal second quarter.
For the three months ended June 30, the agribusiness widened its net loss to 216.5 billion rupiah (S$21 million) from 68.6 billion rupiah in the previous corresponding period.
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