Shares of Golden Agri-Resources Ltd and First Resources Ltd, controlled by Indonesian families of Widjaja (Sinarmas) and Fangiono Ciliandra (Surya Dumai Group), lost ground Thursday on SGX as investors responded negatively their respective first quarter 2014 results. In contrast to plantation companies listed on IDX, Golden Agri posted 8% decline in net profit, while First Resources reported 29% fall.
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