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Kencana Agri’s losses widen to US$6.7 mil in 2Q

Jude Chan
Jude Chan8/11/2016 08:40 PM GMT+08  • 1 min read
Kencana Agri’s losses widen to US$6.7 mil in 2Q
SINGAPORE (Aug 11): Kencana Agri losses for 2Q widened to US$6.7 million ($9.0 million) from US$2.9 million in the same quarter last year.
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SINGAPORE (Aug 11): Kencana Agri losses for 2Q widened to US$6.7 million ($9.0 million) from US$2.9 million in the same quarter last year.

Revenue fell 7% to US$33.0 million in 2Q16, from US$35.5 million in the same period last year.

This was mainly due to lower crude palm oil (CPO) sales volume, which fell 14% from 56,016 MT in 2Q15 to 48,106 MT in 2Q16, as a result of low production caused by very dry weather.

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