BW Plantation Q1 net profit up 52%

Mon, 04/23/2012 - 10:56

Jakarta-listed palm oil firm PT BW Plantation said that its net profit in the first quarter of this year increased by 52 percent to Rp 82.25 billion.

Company Corporate Secretary Kelik Irwantono said in a statement that income rose by 55.1 percent to Rp 267.65 billion from Rp 172.54 billion in the same quarter of last year. EBITDA expanded by 39.6 percent to Rp 142.42 billion.

“The growth in performance was supported by the 75.8 percent increase in the sales volume of CPO in the first quarter of 2012 to 31,000 tons,” he said.  The higher sales volume managed to compensate the decline in the CPO selling price. (rei)

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