Home Capital Broker's Calls

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.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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.

Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.