It principal activities span research & development, oil palm seed breeding, oil palm cultivation and milling, in addition to refining, branding and marketing of cooking oil, margarine, shortening and the other palm oil derivative products.
31 Jan 2017
Returned to profitability in 2Q16 with earnings of 30 billion rupiah ($3.1 million) from a loss of 33 billion rupiah a year ago.
Oct 2016
Despite weaker production from the effects of El-Nino, revenue grew 9% and 2% yoy in 3Q16 and 9M16 on recovery of commodity prices and higher sales achieved by the Edible Oils & Fats (EOF) Division. ¾ 3Q16 EBITDA grew 34% yoy on significantly higher average selling prices of palm products and profit contribution from a joint venture, CMAA.
In 9M16, EBITDA came in close to prior year. ¾ Attributable profit was Rp159 billion in 3Q16 and Rp284 billion in 9M16, reversing from net loss positions in 2015. The improved profit was mainly attributable to biological assets gain and foreign currency gain.
Jan 2017
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