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

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.