Golden Agri posts 15% loss in 2020

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No The Indonesian agriculture firm expects the demand in palm oil to recover in 2021. In a disclosure to the bourse, Golden Agri-Resources reported a net profit of US$230m for the full eyar of 2020. This is 15% lower than the US$272m reported for 2019. The vegetable oil supplier attributed the loss to the impact of COVID-19 on the economy, but expects the demand for palm oil and similar products to recover. The company recovered from the US$11m net loss recorded in the first half of the year, reporting a net profit of $242m for the second half. read more