Mixed showing by firms in Sinar Mas Group

Singapore

GOLDEN Agri-Resources net profit fell sharply by 84 per cent to US$17.2 million in the first quarter ended March 2015 from US$104 million a year ago due to softer crude palm oil prices and lower plantation output.

Revenue fell 19 per cent to US$1.55 billion from US$1.91 billion while Ebitda (earnings before interest, taxes, depreciation and amortisation) slipped 37 per cent to US$126.4 million.

Revenue from plantation and palm oil mills segment declined 32 per cent to US$340.9 million mainly due to weaker average CPO prices …