Golden Agri-Resources Ltd (FRA:4G3A)

€ 0.18 -0.012 (-6.25%) Market Cap: 2.47 Bil Enterprise Value: 4.54 Bil PE Ratio: 21.15 PB Ratio: 0.52 GF Score: 64/100

Full Year 2020 Golden Agri-Resources Ltd Earnings Call Transcript
Feb 25, 2021

€0.1025 (+0.69%)

Earnings
Half Year 2020 Golden Agri-Resources Ltd Earnings Media Call Transcript
Aug 14, 2020
Full Year 2019 Golden Agri-Resources Ltd Earnings Media Call Transcript
Feb 28, 2020
Q3 2019 Golden Agri-Resources Ltd Earnings Call Transcript
Nov 14, 2019

€0.15 (-6.25%)

Earnings
Half Year 2019 Golden Agri-Resources Ltd Earnings Media Call Transcript
Aug 15, 2019
Q1 2019 Golden Agri-Resources Ltd Earnings Call Transcript
May 14, 2019

€0.16

Earnings
Full Year 2018 Golden Agri-Resources Ltd Earnings Presentation Transcript
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Full Year 2019 Golden Agri-Resources Ltd Earnings Media Call Transcript

Feb 28, 2020 / 03:00AM GMT

Release Date Price: €0.1123 (-5.31%)

Transcript

Richard Fung

Golden Agri-Resources Ltd - Director of IR

So I would like to start with the executive summary. And if you look at the slides, you can see that we are pleased with the improved results in the fourth quarter that came both from the upstream as well as our downstream business, as I will detail shortly.

If we look at the fourth quarter, we see improvements across the board even though the palm product output was lower. And for the full year, we saw the revenue decline, primarily because of lower average CPO prices compared to 2018 as well as slightly lower production. But nonetheless, we were able to improve our earnings performance, reflected in both the EBITDA and the underlying profits.

So we go into more detail on the next slide. And here, you can see that -- again, that we had a strong fourth quarter. And the performance was enhanced primarily because of CPO price appreciation, but we also enjoyed a fair value gain on financial assets, in compliance with the IFRS 9.

The next slide is the financial position. And Golden Agri's net debt remained -- sorry, the

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