Home Capital Results

Bumitama Agri posts 51.9% higher earnings for 2H20 of $64.3 mil on higher revenue, fair value changes

Felicia Tan
Felicia Tan2/22/2021 09:26 AM GMT+08  • 2 min read
Bumitama Agri posts 51.9% higher earnings for 2H20 of $64.3 mil on higher revenue, fair value changes
For the FY2020, earnings surged 64.1% to IDR1.13 trillion, from IDR686.31 million a year ago.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Bumitama Agri Limited (BAL) has posted earnings of IDR685.14 billion ($64.3 million) for the 2HFY2020 ended December, 51.9% higher than earnings of IDR451.07 million in the corresponding period the year before.

For the FY2020, earnings surged 64.1% to IDR1.13 trillion, from IDR686.31 million a year ago.

Revenue for the 2HFY2020 grew 20.4% y-o-y to IDR5.10 trillion, while FY2020 revenue increased 18.3% y-o-y to IDR9.10 trillion due to higher average selling prices (ASPs) of crude palm oil (CPO) and palm kemel (PK).

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now