IndoAgri's net profit crashed a whopping 80.7% to $4m in Q1
Due to soft commodity prices and weak rupiah.
Mainboard-listed IndoAgri today reported that its net profit crashed by a whopping 80.7% to $4m (Rp 35b) in Q1.
The group's results were dragged by soft commodity prices and a weakened Indonesian Rupiah.
The group also posted a revenue of $282m (Rp 163b), down 16% year-on-year on lower sales contribution from both its business divisions.