Jan 24, 2012

Gozco FY11 CPO sales increases 3%

CPO producer PT Gozco Plantations Tbk (GZCO), that is controlled by Tjandra Mindharta Gozali, reported a 3% increase in CPO sales volume to 58,000 tons last year from 56,500 tons a year earlier.
All sales were absorbed by the local market. CPO and palm kernel average selling price reached Rp7,446/kg and Rp4,887/kg respectively, a 3% and 7% increase compared to the same period in 2010.
Gozco produced a 13% increase in CPO production last year to 58,139 tons from 51,564 tons.
Total kernel production rose 13% to 11,845 tons from 10,466 tons. FFB harvested from nucleus increased 4%, while FFB yield last year decreased 6%.  

Disclosure: No position at the stock mentioned above.

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