According to the company, increasing downstream sales volume helped compensate for the decline in crude palm oil (CPO) prices that impacted its plantation business.
Golden Agri-Resources (SGX:E5H
) has reported earnings of US$68 million ($92.5 million) for its 3QFY2023 ended Sept 30, down 25% y-o-y.
Revenue in the same period, however, was up 5% to US$2.45 billion, as gross profit improved 25% to US$494 million in 3QFY2024.
