Jul 9, 2010

Astra Agro 1H CPO output falls 5.7%

One of Indonesia's largest CPO player PT Astra Agro Lestari Tbk (AALI) posted a 5.7% decline in CPO production volume in the first half this year (1H).
In a bulletin investor submitted to Indonesia Stock Exchange (IDX) today, Astra Agro's CPO production reached 470,993 tons in 1H 2010 compared a year earlier of 499,444 tons. 
Last year's CPO production was the highest compared to previous months. Astra Agro produced 92,319 tons of CPO in July. It produced 82,700 tons of CPO in May, 77,100 tons in April, 77,700 tons in March, 62,600 tons in February, and 78,500 tons in January.
Production volume of fresh fruit bunch reached 1.82 million tons in the first half 2010, a 8.3% decline from a year earlier of 1.98 million tons. 
During the first trading session, AALI retreated 0.54% to Rp18,550 per share, representing 17.03x of price to earning ratio with market capitalizatio of Rp28.21 trillion. 

Disclosure: No position at the stock mentioned at the stories above.

Print This Article

No comments: