Revenue for the quarter grew 9% y-o-y to US$3.08 billion, while revenue for 9M2022 grew 18% y-o-y to US$8.57 billion. In a Nov 14 press release, the company says this was primarily due to higher palm oil prices partly offset by lower sales volume. Crude palm oil (CPO) market prices for the nine months increased by 23% from the same period last year, averaging US$1,368 per tonne.
Golden Agri-Resources has posted record ebitda of US$1.34 billion ($1.84 billion) for 9M2022, 62% higher y-o-y. Net profit for the period, meanwhile, reached US$726 million, up 88% y-o-y.
For 3QFY2022 ended September, the company posted ebitda of US$532 million, up 75% y-o-y. Net profit for the period, meanwhile, grew 148% y-o-y to US$285 million.
