Sent to you by MarcG via Google Reader:
via EdgeSingapore RSS on 5/14/09
Golden Agri-Resources, owner of the world's second-largest oil palm plantation, said first-quarter profit dropped 94% as prices plunged, reported Bloomberg.
Net income fell to US$8.6 million ($12.6 million) in the three months ended March 31 from US$135.7 million a year earlier, the company said in a statement to the Singapore stock exchange. Sales declined 45% to US$412.2 million.
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