Agribusiness

Stronger palm oil prices gave the company a boost.

Its key business segments improved their performance during the period.

This is due to the higher raw materials costs and other external factors.

The loan will be used to pay for some of the firm’s existing debts.

An official from Nexia TS Risk Advisory will serve as judicial manager.

The export restrictions will result in lower sales volume.

Its profit was driven by the appreciation of crude palm oil market prices.

Crude palm oil prices have increased risks if Indonesia's export ban ends.

The transaction is expected to finish in the second quarter of 2022.

Proceeds will go towards right-sizing Olam Group’s capital structure, amongst others.

The total net profit recorded was $161.2m.

Upstream and downstream businesses contributed to Golden Agri’s stronger performance.

Thanks to the group's reorganisation.

The equity consideration was around $18.02m.

The platform aims to accelerate the commercialisation of sustainable foods in Asia.

This was driven by the group's higher average selling prices of palm oil.