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Analysts' optimism grows as Golden Agri stages turnaround

Stanislaus Jude Chan
Stanislaus Jude Chan3/3/2020 01:21 PM GMT+08  • 3 min read
Analysts' optimism grows as Golden Agri stages turnaround
Golden Agri recorded a core net profit of US$21.6 million for 4QFY2019 – reversing from six straight quarters of core net losses.
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SINGAPORE (Mar 3): Analysts expect better times ahead for Golden Agri-Resources, after the Indonesia-based palm oil plantation company posted strong growth in 4QFY2019 ended December.

Golden Agri saw its 4QFY2019 earnings treble to US$239.6 million ($333.0 million), bringing full-year earnings out of the red.

Earnings for FY2019 came in at US$194.0 million, compared to losses of US$1.8 million in FY2018.

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