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SMR
05-13-2015, 04:39 PM
Golden Agri-Resources Ltd (GAR) is an investment holding Company, engaged in cultivating and harvesting oil palm trees, processing fresh fruit bunches (FFB) into crude palm oil (CPO) and palm kernel (PK), to refining CPO into industrial and consumer products, such as cooking oil, margarine and shortening. The Company operates in two segments: Indonesia Agri-business, which includes ownership and cultivation of oil palm plantation, ownership and operation of mills and refineries and producer of consumer cooking oil and margarine in Indonesia, and China Agri-business, which include ownership and operation of port, oilseed storage, crushing and refineries and producer of refined edible oil and food products in China.

Official website: www.goldenagri.com.sg

SMR
05-13-2015, 04:40 PM
Golden Agri-Resources reported revenue of US$1.6 billion for 1Q15, representing an 18.9 percent decrease from US$1.9 billion last year. The lower revenue contribution was primarily due to lower average crude palm oil (CPO) prices and lower production output during the current period. Selling expenses was reduced by 40.3 percent due to an effective 0 percent export tax rate in line with the lower CPO prices. Unfavourable foreign exchange conditions resulted in a loss of US$35 million compared to a gain of US$3.2 million in 1Q14. Consequently, the company registered 83.5 percent decrease in net profit to US$17.2 million. Going forward, the palm oil industry is expected to benefit from the proposed implementation of biofuel policy in Indonesia which will increase the demand of CPO.

Source: Shares Investment (http://www.sharesinv.com/)