Golden Agri-Resources Ltd (OTCPK:GARPY)

Full Year 2018 Golden Agri-Resources Ltd Earnings Presentation Transcript

Feb 27, 2019 / 01:00AM GMT

Release Date Price: $20.77

Transcript

Richard Fung

Golden Agri-Resources Ltd - Director of IR

We will start off with the executive summary and presentation, and then after that, there will be time for Q&A.

So 2018 was a challenging year as one of the key drivers for the industry is the CPO price, and unfortunately, the CPO price saw a declining trend throughout the year. Nonetheless, Golden Agri once again proved its resilience, and actually was able to see quarter-on-quarter improvements in third and also fourth quarter despite the continuing lower CPO prices.

And a major contributor to that was the plantation growth after the weak year of 2016, resulting from the El NiÃ±o in 2015, we've seen very strong double-digit improvements in '17 and '18. And we saw our

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