Jan 18, 2011

Astra Agro FY10 sales to reach Rp7.8 trio

In line with CPO production, pail oil producer PT Astra Agro Lestari Tbk (AALI)’s CPO sales volume for the period of January–December 2010 grew 5.2% to 1.11 million tons from 1.5 million tons in 2009. 
Referring to the ASP in 2010, Astra Agro is estimated to post Rp7.80 trillion sales, a 5.12% increase from Rp7.42 trillion in 2009.
At the end of September 2010, Astra Agro booked Rp5.72 trillion revenue, a 4.72% increase from Rp5.46 trillion per September 2009.   
In an investor bulletin filed to Indonesia Stock Exchange (IDX), about 92.1% of Astra Agro's 2010 CPO production was absorbed by the local market. 
The average selling price (ASP) of AALI’s CPO of the above period increased 12.6% to Rp7,027 per kg, while its kernel average selling price also increased quite significant 57.4% to Rp4,070 per kg, and the PKO’s price rose 48.7% to Rp9,223 per kg. 

Disclosure: No position at the stock mentioned above. 

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