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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