GOLDEN Agri-Resources missed analyst expectations with a second-quarter net loss of US$39.02 million that reversed a year-ago profit of US$21.88 million amid softer prices and foreign exchange losses.

SINGAPORE (Aug 14): Golden Agri-Resources reported a net loss of US$39 million ($53.5 million) for the 2Q ended June compared with earnings of US$22 million a year ago even as revenue grew 6% to US$1.86 billion from a year ago. For the 1H period ended June, net loss came in at US$27 million from ear...

Submitted By:  Luz Wendy Noble Case Study:  No Its oilseeds segment also succumbed to uncertainties caused by the trade wars. Golden Agri-Resources (GAR) sank into ...

THE following companies saw new developments which may affect trading of their shares on Tuesday:

GOLDEN Agri-Resources fell into a net loss of US$39.02 million for the second quarter from a year-ago profit of US$21.88 million amid softer prices and foreign exchange losses, the Indonesia-based palm oil producer announced on Tuesday before the market opened.

Submitted By:  Danielle Isaac Case Study:  No Prices have been down 6% so far, whilst GAR’s shares have dropped by 16%. The first quarter of 2018 was challeng...