15/08/2012 (Business Times) - Indofood Agri Resources Ltd on Tuesday said its net profit for the fiscal second quarter ended June 30, 2012 fell 17.9 per cent year on year to 253.6 billion Indonesian rupiahs (US$26.72 million).

Turnover rose 17.8 per cent year on year to 3.78 trillion rupiahs in the quarter, while it grew 13.8 per cent year on year to 6.98 trillion rupiahs in the six-month period.

The group said the improved sales were principally attributable to higher sales volume of crude palm oil and edible oils & fats products.

Plantation Division posted improved performance in 2Q2012 with total revenue up 8 per cent over the same quarter last year, reflecting principally higher sales volume of palm products and higher average selling price of crude palm oil, partially offset by lower average selling prices of palm kernel and rubber.