Golden Agri-Resources palm oil, Chart with Support Resistance

Golden Agri-Resources an integrated palm oil outfit with large oil palm plantations in Indonesia (a total planted area of 482,228 (Yr2016) (536,000 Yr2021) hectares. The firm has a presence in the entire value chain of the palm oil industry, from the growing of the palm fruit to the production of consumer end-products that are based on palm oil.

Oct 2016

Revenue came in at US$1.8 billion, up 17% year-over-year from US$1.5 billion.
Profit also saw a sharp rebound from the negative US$16 million seen in the same quarter a year ago to US$220 million in the reporting quarter. The reversal is mainly due to appreciation of crude palm oil (CPO) market prices, FX gains and Net tax impact from tax-based asset revaluations stated at S$111 million.

Mar2022

GOLDEN Agri-Resources on Tuesday (Mar 1) posted a 71.2 per cent growth in net profit to US$323 million for the second half ended Dec 31, 2021, up from US$188.6 million in the corresponding year-ago period.

The palm oil company's revenue for H2 FY2021 stood at US$5.73 billion, a 55.3 per cent increase from H2 FY2020's revenue of US$3.69 billion.