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Bumitama Agri reports 3QFY2024 net profit of IDR597.88 bil, 31.6% lower y-o-y

Felicia Tan
Felicia Tan • 2 min read
Bumitama Agri reports 3QFY2024 net profit of IDR597.88 bil, 31.6% lower y-o-y
The group says it expects to see a better 4QFY2024 with an upturn in the production cycle and rising prices. Photo: Bumitama Agri
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Bumitama Agri has reported a net profit of IDR597.88 billion ($50.7 million) for the 3QFY2024 ended Sept 30, 31.6% lower y-o-y. Core profit for the period fell by 46.8% y-o-y to IDR501.12 billion.

3QFY2024 revenue fell by 7.6% y-o-y to IDR3.98 trillion while gross profit fell by 37.9% y-o-y to IDR1 trillion. Gross profit margin fell by 12.3 percentage points y-o-y to 25.3%.

Ebitda for the quarter fell by 34.5% y-o-y to IDR1.06 billion while ebitda margin fell by 10.9 percentage points y-o-y to 26.7%.

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