Jan 24, 2012

Astra Agro FY11 CPO sales soars 12.9%

CPO player PT Astra Agro Lestari Tbk (AALI), controlled by Astra International Group, reported a 12.9% increase in CPO sales volume last year to 1.26 million tons from 1.11 million tons a year earlier.
In an investor bulletin filed to Indonesia Stock Exchange (IDX) today, the local market took 95.3% of the total sales, while the export market's CPO sales volume reached 59,418 tons.
Astra Agro's CPO average selling price (ASP) increased 7.8% to Rp7,576/kg from Rp7,027/kg, while kernel ASP slightly increased 5.9% to Rp4,309/kg from Rp4,070/kg. The company reached a 34.5% rise in kernel sales volume to 198,561 tons from 147,595 tons.

Disclosure: No position at the stock mentioned above.

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