date:Aug 11, 2014
332.5 million, while revenue increased marginally to US$20.79 billion. Net profit excluding non-operating items declined 33% to US$377.6 million in 1H2014.
Palm Laurics recorded a 4% decline in sales volume to 6.0 million metric tonnes (MT) in 2Q2014. Segment margin contracted on the back of compressed refining margins due to tighter supply of crude palm oil (CPO) and excess refining capacity in the industry. As a result of these difficult operating conditions, pretax profit declined 56% to US