Indofood Q1 profit boosted by forex gains, bio assets revaluation
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Singapore
GAINS from the strengthening of the Indonesian rupiah against the US dollar, along with biological assets revaluation, boosted the quarterly results of Indofood Agri.
The Indonesian palm oil producer reported a net profit of 95 billion rupiah (S$9.7 million) for its first quarter ended March 31, 2016, up significantly from four billion rupiah a year ago.
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