Jul 16, 2010

BW Plantation 1H CPO sales down 13%

CPO producer PT BW Plantation Tbk (BWPT) today reports a 12.94% lower CPO sales value from Rp294.56 billion in the first half 2009 (1H 2009) to Rp256.43 billion in 1H 2010 as a result a 16.8% decrease in CPO sales volume.
BW posted 39,438 tons of CPO sales volume in 1H 2010 compared to the same period last year of 47,426 tons in 1H 2009.
Despite a lower volume, BW booked a 4.7% higher of CPO average price from Rp6.21 million per ton in 1H 2009 to Rp6.50 million per ton in 1H 2010.
BW's CPO production in 1H 2010 fell 16.6% from 46,339 tons in 1H 2009 to 38,663 tons in 1H 2010. BW has 46,048 hectares of planted area with mature area of 15,270 hectares.

Disclosure: No position at the stock mentioned above.

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