Apr 21, 2011

Astra Agro 1Q CPO sales up 27.3%

Palm oil producer PT Astra Agro Lestari Tbk (AALI) recorded a 27.3% increase in CPO sales volume during period of January-March this year (1Q2011) as fresh fruit bunch (FFB) rose.
The CPO sales volume reached 284,249 tons in 1Q 2011 from 223,308 tons in a year earlir, said Astra Agro's bulletin filed to Indonesia Stock Exchange yesterday.
Of the total CPO sales volume in 1Q 2011, 95.7% or 272,161 tons were sold to the local market and 4.3% or 12,088 tons to the export market. 
The CPO average selling price of the company was Rp8,278/kg, a rise of 26.5% from Rp6,544/kg. The sales volume of the other products, such as kernel and PKO in 1Q 2011 went up by 12.7% and 50% respectively. FFB output increased 20.6% to 1.02 million tons from 841,893 tons.

Disclosure: No position at the stock mentioned above.

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