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Another profitable quarter for Golden Agri-Resources despite extreme market volatility (15 May 09)
- Revenue: -44.8%
- Net profit: -93.7%
- Press Release: Revenue of US$412 million
- EBITDA of US$45 million
- Recovery in CPO prices since 4Q 2008
- Outlook: The current global financial crisis, credit crunch and economic slowdown have impacted the commodity markets resulting in high volatility in prices of commodities, including CPO.
- Nonetheless, the demand for palm oil, being the cheapest edible oil in the world, is supported by continued core demand from the edible oil and oleochemical markets.
- Moving forward, the Group will continue to strive to manage its operating costs at optimal levels and increase production through further improving operational efficiency and plantation management techniques.
- The operating environment of the China Agri-business remains challenging in view of the volatility of commodity prices, including soybean prices.
- The Group will strive to manage its costs as well as focus its growth on the sale of various palm-based products to selected key regions.
FINANCIAL RECORDS
Revenue (USD '000)
FY 1Q 2Q 3Q 4Q Total
2009 412,232
2008 747,433 816,609 830,849 591,057 2,985,948
2007 275,347 406,417 533,712 657,876 1,873,352
2006 268,749 266,192 291,218 303,428 1,129,587
2005 164,342 179,100 189,302 286,542 819,286
2004 NA NA 187,588 181,068 759,711
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Earnings (USD '000)
FY 1Q 2Q 3Q 4Q Total
2009 8,576
2008 442,825 582,170 224,251 133,280 1,382,526
2007 219,286 227,980 143,699 573,827 1,164,792
2006 134,661 78,314 220,097 37,462 470,533
2005 14,520 20,083 13,931 42,327 233,130
2004 NA NA 8,727 14,721 65,460
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Dividends
FY Interim Final Special (SGD)
2008 0.008 NA
2007 0.020 0.005 NA
2006 NA 0.014 (USD) NA
2005 NA 0.01 NA
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Bonus / Rights / Stock Split
Date Type Details
2007-09-11 Stock Split STOCK SPLIT OFFER OF 2 FOR 1
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Share Data (USD)
NAV = $0.46
EPS = $0.0009 (3M FY09)
No of Shares = 9,975,903,792
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ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA
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