The plantations and palm oil mills segment saw a 40.7% increase in revenue to US$843.5 million from US$599.3 million on higher production yield and average CPO price, with the average international CPO price at US$702 per tonne compared to US$637 per tonne in 1H16.
SINGAPORE (Aug 14): Golden Agri-Resources (GAR) has announced earnings of US$59.4 million ($80.9 million) for the 1H17 ended June, down 55.5% from US$133.6 million reported in 1H16 due to the recognition of deferred income tax assets.
Revenue for the half year grew 17.5% to US$3.8 billion compared to US$3.2 billion a year ago, primarily due to higher average crude palm oil (CPO) prices as well as the recovery in palm production.
