The group’s growth in revenue was supported by a 19% increase in crude palm oil (CPO) market prices (FOB Belawan). Higher plantation output allowed GAR to capitalize on stronger CPO prices, while offsetting reduced sales volumes.
Golden Agri-Resources (GAR) has posted higher earnings for the 1HFY2025 ended June 30, up 56.5% y-o-y to US$160.3 million.
The group’s revenue for the 1HFY2025 came in 19.6% y-o-y higher at US$6.15 billion, and gross profit grew 29.3% y-o-y to US$868.5 million.
