SINGAPORE (Aug 12): Weak crude palm oil prices and production output continue to weigh on planter Golden Agri-Resources.
The world’s second-largest palm oil company posted an operating loss of US$21 million ($28.2 million) for 2Q2016, compared with US$52.6 million in operating profit in the same quarter the year before.
Turnover for the three months was 5% lower at US$1.74 billion.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)