The company attributes the drop to prices that have "normalised" by around 37% to US$990 per tonne, following a record FY2022 which fetched US$1,579 per tonne.
Golden Agri-Resources (SGX:E5H
) has reported earnings of US$92 million for its 1QFY2023, down 51% y-o-y.
Revenue in the same period was down 6% to $2.53 billion for the same three months to March 31.
