Global Palm Resources, Hong Leong Asia, AEI Corp issue profit guidance

SINGAPORE (July 28): Global Palm Resources, Hong Leong Asia and AEI Corporation have issued profit guidance ahead of the release of their financial results, according to their respective SGX filings.

1. Global Palm Resources

The group has announced that its expects to report a net profit after tax that will be “substantially higher” as compared to a year ago, primarily attributable to the increase in sales volume and average selling price of crude palm oil and palm kernel, as well as the appreciation of the Indonesian Rupiah against the Sing Dollar.

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