Lower palm product prices dent Bumitama Agri's Q1
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Singapore
THE lower sales price of palm products took a toll on the results of palm oil producer Bumitama Agri for its first quarter, exacerbated by higher general and administrative expense, higher finance cost and foreign exchange loss.
Net profit sank 16.8 per cent to 231.77 billion rupiah (S$22.1 million) from the preceding year, the group said in a Singapore Exchange filing on Tuesday morning.
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