For the 9MFY2025, upstream palm product output for CPO and palm kernel (PK) rose by 6% y-o-y to 1.99 million metric tonnes (MT) while downstream sales volume inched up by 1% y-o-y to 8.7 million MT.
Golden-Agri Resources (GAR) has reported a net profit of US$284 million ($369.8 million) for the 9MFY2025 ended Sept 30, 29% higher y-o-y. Net profit for the 3QFY2025 stood at US$124 million, 17% higher q-o-q.
9MFY2025 revenue was up by 21% y-o-y to a record US$9.53 billion, mainly due to improved plantation output and a 17% increase in crude palm oil (CPO) prices, higher output and a “modest increase” in downstream volume.
