Revenue for 4Q rose 6.5% to Rp 3.8 trillion from Rp 3.6 trillion in 4Q17, due to sales growth in the Edible Oils and Fats (EOF) Division.
SINGAPORE (Feb 28): Indofood Agri Resources (IndoAgri) has sunk into a loss of Rp 211.7 billion ($20 million) for 4Q18 compared to Rp 76.9 billion in profit a year ago, due to significantly lower profit in the Plantation Division arising from weak commodity prices.
As such, the group has reported Rp 211.8 billion in overall losses for FY18, as opposed to earnings of Rp 447.3 million for the previous year.
