Agribusiness

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.

This growth was also reflected in its EBITDA with 145% increase.

It will support MAS' sustainability agenda.

Strict lockdowns and restrictions affected the demand for its protein products.

The agribusiness giant recorded a 23% increase in its PATMI in the first half. 

The palm oil producer is expected to make up for its drop in net profit in the next six months.

First Resources’ reported a net profit of $32.6m for the first half of the year.