Gross profit grew 29.1% y-o-y to US$1.37 billion.
Golden Agri-Resources (GAR) reported earnings of US$389.6 million ($533 million) for 1HFY2022, up 154% from the previous corresponding period at US$153.2 million.
On the back of higher crude palm oil (CPO) prices, GAR’s revenue rose 23.3% to US$5.5 billion compared to US$4.45 billion recorded in 1HFY2021 while EBITDA increased by 54.5% to US$807.4 million.
