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Bumitama Agri's full-year profit skyrockets 47.5% to $125.1m
On the back of stronger average selling prices and the surge in sales volume.
Agribusiness Bumitama Agri reported a whopping 47.5% increase in net profit for FY16, jumping to $125.1m (IDR 1.2t) on the back of higher revenue, higher interest income, gain from fair value changes in biological assets, foreign exchange gain, and lower loss from associate companies.
Bumitama reflected higher revenues in the past quarter, boosting full-year headline by 19.6% to IDR 6.63t. This was due to the stronger average selling price as well as an increase in sales volume.
Check out below how its segment performed in terms of revenues, sales volume and selling prices:
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