Our results
As a listed company, we produce annual reports & quarterly financial statements. Each quarter we write a results explanation and hold a results conference call. If there is any news, we report to the stock exchange. You can find all these on this page. If you'd like to contact our investor relations team, please use the contact page,
Annual reports
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Quarterly financial statements
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News
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Results explanation
1Q 2017
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FFB production
1Q17, FFB increased 1% compared to 1Q16. As El Niño continues a lingering effect on our production, we expect low fruit early in the year and higher production at the end. CPO and PK production CPO and PK production decreased -4% and -13% due to lower extraction rates. Our oil extraction rate decreased due to the lingering effects of El Niño, a larger young mature area with naturally lower extraction, and more 3rd party purchases, which rose 30% from 1Q16. Kernel extraction decreased as our new mill in West Kalimantan was still commissioning. Q2 kernel production will be normal. |
FFB production, tons
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Revenue
1Q17 revenue increased 35% from 1Q16. The increase came from selling prices which rose 38% to IDR 8,497/ kg. The price of palm oil went up on low global CPO stocks. While prices rose, volume of CPO declined -2% from 1Q16. Revenue contribution from PK grew significantly in 1Q17, from a 99% increase in selling price. EBITDA Our EBITDA growth was strong. EBITDA IDR 268 billion increased 86% compared to 1Q16. Net profit Due to depreciation and interest expenses from our newly matured areas (94% of our total planted area is now mature), we booked a net loss of IDR 18 billion, better than 1Q16 net loss of IDR 68 billion. |
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4Q 2016
| 4Q 2016 |
