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Bumitama Agri Q4 earnings down 43% to 207b rupiah

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BUMITAMA Agri Ltd has recorded a net profit of 207.37 billion rupiah (S$20 million) for the fourth quarter ended Dec 31, 2018, down 43 per cent from 363.61 billion rupiah the year before. This was due to the weakening of the agriculture commodity prices, especially during the last quarter of 2018, offset by the increase in sales volume, the Indonesian palm oil producer said in a regulatory filing. Read more at The Business Times.

@VivienneTayBT BUMITAMA Agri Ltd has recorded a net profit of 207.37 billion rupiah for the fourth quarter ended Dec 31, 2018, down 43 per cent from 363.61 billion rupiah the year before. This was due to the weakening of the agriculture commodity prices, especially during the last quarter of 2018, offset by the increase in sales volume, the Indonesian palm oil producer said in a regulatory filing. Earnings per share was at 118 rupiah, down from 208 rupiah the year before.

com Market voices on: The company said that foreign exchange loss and loss on fair value changes in biological assets amounting to 48 billion rupiah during fiscal 2018 also contributed to the decline in the group’s net profit. For the full year, net profit was down 8.1 per cent to 1.10 trillion rupiah, from 1.19 trillion rupiah the year before. EPS was at 627 rupiah, down from 682 rupiah the year before, and net asset value was at 4,468 rupiah per share, up from 4,282 rupiah the year before.

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