MARKET DEVELOPMENT
Bumitama Agri Q2 Net Profit Jumps 90 Pct on Higher Palm Oil Sales
Bumitama Agri Q2 Net Profit Jumps 90 Pct on Higher Palm Oil Sales
13/08/2014 (Reuters) - Palm oil firm Bumitama Agri Ltd said on Wednesday its net profit for the quarter ended June 30 rose nearly 90 percent from a year earlier, buoyed by higher selling prices and sales volumes for both crude palm oil and palm kernel.
The Singapore-listed oil palm plantation company reported a net profit for the second quarter of 293.3 billion rupiah ($25.1 million). Its revenue for the quarter rose 49 percent on the year to 1.5 trillion rupiah. (1 US dollar = 11,685.0000 rupiah
The Singapore-listed oil palm plantation company reported a net profit for the second quarter of 293.3 billion rupiah ($25.1 million). Its revenue for the quarter rose 49 percent on the year to 1.5 trillion rupiah. (1 US dollar = 11,685.0000 rupiah