Mar 21, 2011

BW Plantation FY10 net profit jumps 45%

PT BW Plantation Tbk (BWPT), a producer of crude palm oil (CPO), recorded a 45.45% jump in net income last year.
The growth in profit was in line with the increase in operating income and the decrease in operating expenses.
In a financial report published today, BW Plantation, which is controlled by Tjipto Widodo, the fourth son of Budiono Widodo, recorded net income of Rp243.59 billion last year, increasing from Rp167.47 billion in the previous year.
Operating profit gained by 43.33% to Rp371 billion from Rp258.84 billion, making operating profit margin broke 52.09%, jumping from 44.31%.
The gain in operating profit was also caused by a 9.42% decrease in operating profit to Rp96.18 billion from Rp106.18 billion.
Gross profit of BW Plantation rose 27.99% to Rp467.18 billion from Rp365.02 billion. Operating income of the company grew by 21.92% to Rp712.17 billion from Rp584.11 billion.

Disclosure: No position at the stock mentioned above.  

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