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Bumitama Agri reports 424% higher earnings of $87.3 mil in 1QFY2022

Felicia Tan
Felicia Tan5/12/2022 10:36 AM GMT+08  • 2 min read
Bumitama Agri reports 424% higher earnings of $87.3 mil in 1QFY2022
The better performance was due to the elevated commodity prices.
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Bumitama Agri Limited (BAL) has reported earnings of 873 billion rupiah ($87.3 million) for the 1QFY2022 ended March, 424% higher than earnings of 167 billion rupiah in the corresponding period the year before.

Revenue for the quarter increased 69% y-o-y to 3.9 trillion rupiah.

The higher figures were attributable to sales from both crude palm oil (CPO) and palm kernel (PK), which enjoyed higher average selling prices (ASPs).

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