FY2022 revenue increased by 12% y-o-y to a record high of US$11.4 million due to higher revenues from all segments and mainly driven by strong international crude palm oil (CPO) prices, higher productions and improved margins from the group’s downstream business.
Golden Agri-Resources (SGX:E5H
) has reported earnings of US$392.4 million ($529.2 million) for the 2HFY2022 ended Dec 31, 2022, 21.5% higher than earnings of US$323.0 million for the same period the year before.
This brings the group’s FY2022 earnings to US$782.1 million, 64.2% higher y-o-y.
