Golden Agri-Resources profit down 30% to $162m

Among the factors that bugged the company’s performance was higher fertiliser application.

Golden Agri-Resources Ltd and its subsidiaries said its net profit for the first quarter of 2012 reached US$162 million compared to US$231 million achieved for the same period in 2011.

Results were softer, in line with lower CPO FOB prices by 12% from US$1,206 per tonne last year. GAR also said higher fertiliser application and labor cost contributed as well to the lower 1Q 2012 performance.

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Lorem Ipsum 2 [SBR 26 march]

Lorem Ipsum [SBR 26 march]

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