SINGAPORE (Nov 12): Bumitama Agri announced 3Q18 earnings increased by 1.4% to IDR 270 billion ($25.3 million), compared to IDR 266.3 billion in 3Q17.

This brings 9M18 earnings to IDR 889.7 billion, 7.2% higher than IDR 829.7 billion in 9M17.

Revenue for the quarter dropped by 6.5% to IDR 1,919 billion from IDR 2,051 billion a year ago, mainly attributable to the decrease in the selling price of Crude Palm Oil (CPO) and Palm Kernel (PK).

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