Golden Agri-Resources Ltd (GAGR.SI)
20 Jan 2017
SINGAPORE, Nov 14 Singapore-listed palm oil company Golden Agri-Resources Ltd posted a profit in the third quarter, helped by higher crude palm oil prices and improved performance of its downstream business.
SINGAPORE Crude palm oil prices could jump later this year on firm demand and tight supplies, although output is set to gradually rise as the impact of an El Nino weather event fades, a senior official from Golden Agri-Resources said.
* Sees 2016 palm oil output down 15-20 pct (Adds outlook from conference call)
SINGAPORE, Aug 12 Singapore-listed palm oil company Golden Agri-Resources Ltd posted a surge in quarterly net profit, thanks to deferred tax income, while its operating performance was hit by reduced output following a severe drought.