Revenue for the FY2023 fell by 14.7% y-o-y to US$9.76 billion due to lower crude palm oil (CPO) prices and offset by higher sales volume. Revenue for the 2HFY2023, however, rose with higher palm product output and lower fertilizer costs, which offset the lower CPO prices.
Golden Agri-Resources (GAR) has reported earnings of US$197.6 million ($265.6 million) in the FY2023 ended Dec 31, 2023, 74.7% lower y-o-y.
Earnings per share (EPS) stood at 1.56 US cents for the year.
