Apr 12, 2012

Astra Agro 1Q revenue drops 6.52%

CPO producer PT Astra Agro Lestari Tbk (AALI) reported a 6.52% decrease in revenue for the first 3 months this year.
Astra Agro posted Rp2.58 trillion revenue in 1Q 2012 from Rp2.76 trillion in the previous year. CPO contributed 89.3% of the total revenue and the remaining from kernel.
Local market took 96% of the company's output and the export market bough the remaining. In 1Q 2012, CPO sales volume slight increased 5.2% to 299,100 tons from 284,200 tons. Mature area in the 1Q counted 237,038 hectares with 1,09 million tons fresh fruit bunch. CPO production volume reached 289,391 tons.

Disclosure: No position at the stock mentioned above. 

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