Growth in Value-Added Downstream Sector Counters El Niño Impacts for Golden Agri
* Nine-month 2024 revenue grew by 8% year-on-year while EBITDA increased to US$758 million with a margin of 9.6% * Downstream business growth mitigated the impact of lower production caused by El Niño conditions * Underlying profit impacted by increased financial expenses and income tax SIN...
Downstream Business Continues to Increase Contribution to GAR's Financial Performance in the First Half of 2024
* EBITDA margin remained robust at almost 10% despite lower plantation output * Downstream business makes strong contribution to consolidated performance * Underlying profit impacted by increased financial expenses due to high interest rates SINGAPORE, Aug. 13, 2024 /PRNewswire/ -- Golden Agr...
Integrated Operations and Downstream Sales Contribute to Resilient Financial Performance for GAR in the First Quarter of 2024
* Sustained first quarter 2024 EBITDA margin of over nine percent * Net profit was impacted by foreign exchange loss, interest expenses and lower yields due to El Niño * Financial position remained robust with a low gearing ratio of 0.56 times SINGAPORE, May 15, 2024 /PRNewswire/ -- Golden A...
Continued Focus on Optimising Margins Across the Value Chain Underpins Solid Performance for Golden Agri
* Second half 2023 EBITDA grew by six per cent compared to first half 2023, resulting in full-year EBITDA ofUS$986 million and a healthy margin of 10 per cent * Proposed final dividend of 0.613 Singapore cents per share for full year 2023 profit, subject to shareholder approval SINGAPORE, Feb...
Golden Agri-Resources Focuses on Value-Added Product Offering to Deliver Healthy Performance Amidst Weaker Prices in 2023
* Third quarter 2023 EBITDA grew 13 per cent quarter-on-quarter, with nine-month revenue ofUS$739 million and a healthy margin of 10 per cent * Financial position remains strong with a low gearing ratio of 0.56 times SINGAPORE, Nov. 14, 2023 /PRNewswire/ -- Golden Agri-Resources Ltd ("GAR" or ...
Robust First Half 2023 Results for Golden Agri-Resources Despite Year-on-Year CPO Price Downturn
* EBITDA for the first half of 2023 reached US$478 million, with net profit of US$182 million. * Integrated business model continued to help mitigate the impact of lower CPO prices compared to last year. SINGAPORE, Aug. 14, 2023 /PRNewswire/ -- Golden Agri-Resources Ltd ("GAR" or the "Company"...
Golden Agri-Resources' first quarter 2018 results impacted by moderation in plantation output and CPO prices
- Resilient first quarter 2018 EBITDA1 of US$121 million despite lower palm product output by 12 percent year-on-year to 612,000 tonnes - Financial position remained healthy with adjusted net gearing ratio5 of 0.43 times SINGAPORE, May 15, 2018 /PRNewswire/ -- FINANCIAL HIGHLIGHTS US$'m...
