Golden Agri Resources loss widen 70.7% to $64.45m in H1

Submitted By:  Staff Reporter Case Study:  No Softer crude palm oil (CPO) prices continued to drag on earnings. Golden Agri Resources booked a loss of $64.45m in the first half of the year, up 70.5% YoY from $37.75m in the same period last year, an announcement revealed. Revenue also dropped 13.9% YoY to $4.4b from $5.11b previously. For the second quarter, losses piled up 65.8% YoY to $89.9m from $54.21m over the same period last year, whilst revenue fell 16.7% YoY to $2.15b from $2.63b last year. The group’s dismal performance was mainly attributed to softer crude palm oil (CPO) prices. read more