CPO player PT BW Plantation Tbk (BWPT), that is controlled by Budiono Widodo family, recorded a 32% increase in net profit last year on the back of strong sales.
BW Plantation booked Rp320.39 billion net profit from Rp243.59 billion, keeping its net margin at 36% from 34%.
EBITDA rose 31% to Rp537.30 billion from Rp410.27 billion, while operating profit increased 30% to Rp482.96 billion from Rp371 billion, sending a higher operating margin to 54% from 52%. BWPT posted a 25% increase in operating revenue to Rp888.29 billion from Rp712.17 billion.
The revenue increase was driven by a 17% rise in CPO sales and 59% in kernel sales volume to 106,735 tons and 21,220 tons from 81,382 tons and 13,369 tons.
Average selling price of CPO last year Rp7.45 billion per ton CPO dan Rp4.40 billion per ton kernel. By end of 2011, BWPT's planted area reached 60,064 hectares, resulting production area of 41,448 hectares, 52,060 hectares, and 52,060 hectares in 2012, 2013, and 2014 respectively.
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