SINGAPORE (Feb 28): IndoAgri, the agribusiness group and manufacturer of edible oils and fats products, reported a 65.4% fall in 4Q17 earnings to $8 million from a year ago on lower contribution from the plantation division and on the absence of the one-off gain in 4Q16.
4Q17 revenue fell 15.7% to $369 million from a year ago as its plantation division reported a 10% revenue decline in 4Q17 on lower sales volume of palm products of crude palm oil and palm kernel-related products and lower sugar sales.
For the FY17, earnings fell 11.7% to $46 million from $52 million a year ago.
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)
