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Golden Agri back in the black on lower expenses, boost from other income

Published Thu, Nov 14, 2019 · 09:50 PM

Singapore

PALM oil plantation owner Golden Agri-Resources (GAR) on Thursday posted a third-quarter net profit of US$801,000, reversing from a loss of US$53.9 million in the year-ago period, as lower expenses and "other income" gave a boost to its bottom line.

Earnings per share for the quarter came in at 0.01 US cent, against a loss of 0.42 US…

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