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Bumitama Agri posts higher 2Q and 1H earnings on higher average CPO selling price and higher sales volume

PC Lee
PC Lee8/14/2017 07:42 PM GMT+08  • 2 min read
Bumitama Agri posts higher 2Q and 1H earnings on higher average CPO selling price and higher sales volume
SINGAPORE (Aug 14): Bumitama Agri has recorded a 170.4% and 70.4% increase in 2Q17 and 1H17 earnings to IDR 337 billion ($34.4 million) and IDR 659 billion, respectively.
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SINGAPORE (Aug 14): Bumitama Agri has recorded a 170.4% and 70.4% increase in 2Q17 and 1H17 earnings to IDR 337 billion ($34.4 million) and IDR 659 billion, respectively.

The improved earnings was mainly due to higher average selling price and higher sales volume from the recovery in palm production compared to the previous corresponding period.

Revenue increased by 39.5% to IDR 1,920 billion in 2Q17 and 40.1% to IDR 4,015 billion in 1H2017 compared to the previous corresponding periods. The improved palm and palm kernel production and higher average selling price had contributed to the improvement in revenue.

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