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Golden Palm Resources sinks to 4Q loss

Stanislaus Jude Chan
Stanislaus Jude Chan3/1/2018 07:47 AM GMT+08  • 2 min read
Golden Palm Resources sinks to 4Q loss
SINGAPORE (Mar 1): Palm oil producer Golden Palm Resources Holdings recorded losses of Rp3.9 billion ($0.4 million) for the 4Q ended December on the back of foreign exchange losses and lower other income, compared to earnings of Rp12.4 billion a year ago.
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SINGAPORE (Mar 1): Palm oil producer Golden Palm Resources Holdings recorded losses of Rp3.9 billion ($0.4 million) for the 4Q ended December on the back of foreign exchange losses and lower other income, compared to earnings of Rp12.4 billion a year ago.

This brings full-year earnings down 8% to Rp42.7 billion for FY17, from Rp46.4 billion a year ago.

4Q17 revenue fell 13% to Rp105.7 billion, from Rp122.2 billion a year ago.

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