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Home / Capital / Results

Bumitama Agri reports 48.8% increase in 9M earnings of $59.9 mil

Results

Bumitama Agri reports 48.8% increase in 9M earnings of $59.9 mil

Felicia Tan Published on Tue, Nov 10, 2020 / 8:06 AM GMT+8

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Palm oil producer Bumitama Agri (BAL) has reported earnings of IDR632.14 billion ($59.9 million) for the 9MFY2020 ended Sept 30, some 48.8% up from the earnings of IDR424.86 billion posted in 9MFY2019.

Total revenue for the 9MFY2020 rose 12.6% y-o-y to IDR6.08 trillion, while gross profit for the nine-month period rose 33.4% y-o-y to IDR1.54 trillion.

Gross profit margin was up 18.2 percentage points y-o-y to 25.3%.