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Continued Focus on Optimising Margins Across the Value Chain Underpins Solid Performance for Golden Agri

Golden Agri-Resources Ltd ("GAR" or the "Company") announced a solid financial performance for 2023, marking a normalisation following record-high CPO prices in 2022.

Golden Agri-Resources Focuses on Value-Added Product Offering to Deliver Healthy Performance Amidst Weaker Prices in 2023

Golden Agri-Resources Ltd ("GAR" or the "Company")'s financial results for the nine-month period ending September 2023 remained firm, in line with industry trends during this period. Average CPO market price (FOB Belawan) in the nine-month period of 2023 was US$922 per tonne, continuing the normalisation of prices after 2022's record high of US$1,368 per tonne. Revenue decreased by 15 percent year-on-year to US$7.32 billion, with expanded sales volume partly offsetting lower average selling pric

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