SINGAPORE: Commodities firm Golden Agri Resources said its third-quarter net profit rose 41 per cent to US$99 million, led by robust demand for palm oil.
Revenue grew by about 43 per cent to US$965 million for the same 3-month period.
Output of palm products expanded 21 per cent from the previous three months to 608,000 tonnes during the quarter.
Golden Agri said that its financial performance also got a boost from higher crude palm-oil prices.
The company added that demand is expected to be well-supported in the medium to long term, thanks to growing consumption of edible oils and fats, particularly by the growing middle class in developing countries such as China, India and Pakistan.
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