EBITDA up 77% y-o-y in 1H17 on higher contribution from Plantation Division and improved results from associates CMAA.
SINGAPORE (July 28): IndoAgri, the integrated agribusiness group, reported 2Q17 more than tripled to $10 million from $3 million a year ago while 1H17 earnings more than doubled to $28 million from $13 million.
IndoAgri says the improved 2Q and 1H performance was attributed a strong recovery in palm production and improved contribution from CMAA, its sugar JV in Brazil, in addition to higher average selling prices of agriculture crops.
