At 0225 GMT, Golden Agri shares were up 5.4 percent at S$0.685 on a volume of 74.3 million shares.

"The results were good and the company said palm oil outlook remains positive," said a local trader.

Golden Agri said its net profit for the quarter ended December was $1.17 billion, up from $473 million a year earlier, including a $1.01 billion net gain from changes in fair value of biological assets.