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Golden-Agri Resources sees 21.5% lower earnings of US$188.6 mil in 2H20

Felicia Tan
Felicia Tan2/25/2021 06:25 PM GMT+08  • 3 min read
Golden-Agri Resources sees 21.5% lower earnings of US$188.6 mil in 2H20
The group has proposed a final dividend of 0.48 cents per share for the FY2020 payable on May 18.
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Golden-Agri Resources (GAR) reported earnings of US$188.6 million ($249.0 million) for the 2HFY2020 ended December, 21.5% lower than earnings of US$240.4 million for the 2HFY2019.

Earnings for the FY2020 plunged 83.6% y-o-y to US$31.8 million from US$194.0 million a year ago.

Revenue for the 2HFY2020 grew 12.9% y-o-y to US$3.69 billion, while revenue for the FY2020 increased 10% y-o-y to US$7.08 billion.

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