Asia
Golden Agri-Resources Reports 20% Decline in Q1 Net Profit
Golden Agri-Resources (SGX:E5H) reported a 20% decline in its first-quarter attributable net profit, according to a Friday filing with the Singapore Exchange.The palm oil producer said net profit for the three months ended March 31 fell to $44.0 million from $55.0 million in the same period last year.Revenue jumped 6% year over year to $3.23 billion from $3.04 billion, backed by increased downstream sales volume.
SGX:E5H
