The group reported consolidated revenue of Rp 4.4 trillion in 1Q17, increasing 40% from a year ago on higher sales contribution from plantation and Edible Oil & Fats divisions. Plantation division achieved a 54% revenue growth to Rp 2.8 trillion on significantly higher average selling prices and higher sales volume of crude palm oil (CPO) and palm kernel (PK) related products. EOF division also performed well with revenue growing 29% to Rp 2.7 trillion on higher selling prices and sales volume of edible oil products.
SINGAPORE (April 28): IndoAgri, the integrated agribusiness group and manufacturer of leading brands of edible oils and fats products in Indonesia, reported 1Q17 earnings rose 79.6% to Rp 171 billion ($18 million) from Rp 95 billion a year ago.
IndoAgri says the strong performance came on the back of higher average selling prices of agriculture crops and a strong recovery in palm production.
