Home Capital Results

Golden Agri-Resources sees 71.2% earnings growth of US$323.0 mil in 2HFY2021; declares final dividend of 1.077 cents

Felicia Tan
Felicia Tan3/1/2022 8:30 AM GMT+08  • 4 min read
Golden Agri-Resources sees 71.2% earnings growth of US$323.0 mil in 2HFY2021; declares final dividend of 1.077 cents
GAR also announced the initiation of its share buyback programme, allocating up to US$100 million in 2022.
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.

Golden Agri-Resources (GAR) has reported earnings of US$323.0 million ($438.4 million) for the 2HFY2021 ended December, 71.2% higher than earnings of US$188.6 million.

This brings earnings for the FY2021 to US$476.2 million, 14.9 times higher than the US$31.8 million reported in the FY2020.

According to GAR, the excellent performance is primarily supported by the continued high market prices for crude palm oil (CPO) and increased downstream business margins

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)
×
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.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now