Bumitama Q3 profit up 29% on improved palm production, palm oil prices

14 Nov 2017 - Business Times Breaking News
A RECOVERY in palm production as well as higher average selling price of crude palm oil gave a boost to results for Bumitama Agri Limited (Bumitama) for its third quarter.Net profit jumped 29 per cent to 266.25 billion rupiah (S$26.7 million) from the previous year, the group said in a Singapore Exchange ...
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Bumitama Agri FFB production could grow 15% in three years

25 Sep 2017 - Singapore Business Review
Overall production grew in 2013 despite low FFB yields. Bumitama Agri's fresh fruit bunches (FFB) production growth is on an uptrend since 2009. According to UOB Kay Hian, this was temporarily stopped by the drought in 2015. For 2009 to 2015, FFB production growth was supported by new mature areas. But ...
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Bumitama Agri profits grow 157.1% to $29.2m

15 Aug 2017 - Singapore Business Review
Higher fresh fruit bunches output was amongst the growth drivers. Bumitama Agri's profits grew 157.1% YoY from $11.3m (IDR111.1b) to $29.2m (IDR285.7b) in Q2, according to RHB. Revenue also increased 39.5% YoY from $142.9m (IDR1.4t) to $194m (IDR1.9t) for Q2, whilst for the half year, it increased 40.1% ...
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Should Bumitama Agri hope for better fresh fruit bunch yields?

19 May 2017 - Singapore Business Review
But lagged impact from El Niño is still there. Whilst the lagged impact from the severe drought in 2015 has not yet fully faded, Bumitama Agri should expect good fresh fruit bunch yields this year. According to UOB KayHian, the 2Q17 fresh fruit bunch production could increase QoQ and register growth ...
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Bumitama's net profit up 21.4% to $29.2m

16 May 2017 - Singapore Business Review
Palm products bolstered up yields. Bumitama Agri reported a rise in net profit for the past quarter, up 21.4% to $29.3m (IDR 278.4b). This came as headline rose 40.7% to $220.7m (IDR2.1t). According to the group, the growth in both headline and bottom line was mainly due to the higher sales price of ...
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Bumitama Agri's full-year profit skyrockets 47.5% to $125.1m

27 Feb 2017 - Singapore Business Review
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 ...
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Bumitama Agri's crude palm oil production up 11.1% in Q4

25 Jan 2017 - Singapore Business Review
But CPO production for the whole year saw a 5.6% decline. As Bumitama Agri sees improved fresh fruit bunch yields in the past quarter, it also recorded higher CPO production, up 11.1% YoY to 247,000 tonnes. According to UOB KayHian, oil extraction rate (OER) improved QoQ and YoY to 22.5% in 4Q16. However, ...
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Production costs may trouble Bumitama Agri in 2017

18 Nov 2016 - Singapore Business Review
But it will be offset by higher yields. Bumitama Agri's good profit standing, rising 31% to $25.3m in 3Q16, may be badgered with rising cost of production next year, UOB KayHian analyst Ooi Mong Huey said. Despite strong growth forecast for the group in 2017, Bumitama may see its cost of production rising ...
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Production costs may pester Bumitama Agri in 2017

18 Nov 2016 - Singapore Business Review
But it will be offset by higher yields. Bumitama Agri's good profit standing, rising 31% to $25.3m in 3Q16, may be badgered with rising cost of production next year, UOB KayHian analyst Ooi Mong Huey said. Despite strong growth forecast for the group in 2017, Bumitama may see its cost of production rising ...
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Why Bumitama Agri can expect better fruit bunch yields

16 Nov 2016 - Singapore Business Review
Its recovery from El Niño is now on track. After it endured El Niños lashes, Bumitama Agri may now breathe a sigh of relief as its fresh fruit bunch (FFB) segment is expected to grow at a double digit pace in the next period. According to RHB Research, the drought impact on the group's estates has moderated ...
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