Cerestar posts losses despite Q1 revenue rise

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Wheat processor Cerestar Indonesia experienced a change in financial performance in Q1 2024, posting a net loss of USD 106,000, a turnaround from the USD 1.1 million net profit recorded last year. While it posted a 50% hike in revenue for Q1, the cost of goods sold rose 55% to USD 108 million. Pres...

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