SINGAPURA – A company running its business in palm oil, Golden Agri Resources Ltd in the first quarter (1Q2014) noted its profits about US$ 1,914 or increasing 34% than the same period in last year which were US$ US$ 1,430.
“The increasing profits happened for the higher export volume from palm oil and two sectors (upstream and downstream),” Golden Agri mentioned in the press release which InfoSAWITgot, Wednesday (14/5/2014).
The average CPO price increased from US $ 797 /ton to be US$ 865 /ton in the 1Q2014. While the income from palm oil and the two sectors increased 45,5 % to be US$ 1,635.9 millions in 1Q2014.
Beside that, the income from the plantation and palm oil factory increased 17,4 % to be US $ 501,0 millions in 1Q2014. It was happening for the increasing production and the higher price of CPO in 1Q2014. (T3)
