Indofood Agri sinks into red with Q1 loss of 57.79b rupiah
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Singapore
INDOFOOD Agri Resources posted a net loss of 57.79 billion rupiah (S$5.5 million) for the first quarter ended March 31, 2019, reversing from a profit of 49.8 billion rupiah in the year-ago period.
This was mainly due to poorer results from operations and higher financial expenses, the mainboard-listed agribusiness group said in a regulatory filing before the market opened on Tuesday.
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