Bumitama Agri’s 9M profit rises 29% with record rainfall in Central Kalimantan
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Bumitama Agri reported a 29% increase in net profit to 1.87 trillion rupiah for the nine months ending Sep 30, driven by an 18% rise in revenue to 13.6 trillion rupiah. The company attributed the growth to production recovery and improved productivity, despite record rainfall in Central Kalimantan. Crude palm oil sales rose 17%, and palm kernel sales increased 75%. The company anticipates Q4 to be the peak crop period. Shares closed at S$1.48, down 1.3%.
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