Golden Agri-Resources posts $710m EBITDA for H1 2021

The recorded EBITDA is a 176% increase from the previous year’s period.

Golden Agri-Resources announced today that they have accumulated $710m (US$523m) in earnings before interest, taxes, depreciation, and amortization (EBITDA) for the first half of 2021, a 176% increase from the same period last year.

This is despite the higher export tax and levy charged during this year.

Underlying profit and net profit, meanwhile, also saw an increase to $334.3m (US$246M) and $207.91m (US$153m).

GAR Chairman and CEO Franky O. Widjaja also announced the distribution of an interim dividend of 0.53 Singapore cents per share.

“The Board is proud of the continued strong performance delivered by GAR during the first semester of the year. Our financial position is also healthier resulting in lower leverage and a strengthened liquidity position. With its confidence towards the company’s performance and industry outlook, the board declares the distribution of an interim dividend of 0.528 Singapore cents per share.”

Follow the link for more news on

Golden Agri-Resources

Also Read

Low inflation in Singapore unlikely to hold in 2Q24

Lower private transport costs ease inflation to 2.7% YoY in March

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit