JAKARTA (Yosefardi) – PT Eterindo Wahanatama Tbk (ETWA) reported its biodiesel sales volume for the nine months ended 30 September 2013 expanded by 35% to 62,000 metric tons compared to 46,000 metric tons reported over the same period last year.
Sales volume improving is able to eliminate the effect of the average selling price decreasing by 10% from Rp10 million/metric tons in 9M12 to Rp 9 million/metric tons in 9M13.
Sales of biodiesel accounted for 65% of the income amounting to Rp585 billion, an increase of 22% from Rp479 billion in the same period last year.
However, the Company’s net income declined by 87% from Rp20 billion to Rp3 billion due to surging foreign exchange (forex) losses.
Eterindo is a leading diversified natural resources company, capitalizing abundance of natural resources by developing the upstream & downstream eco-friendly industry through its business activities in the areas integrated renewable energy crude palm oil (cpo) based biodiesel, the pioneer and one of leading biodiesel producers in Indonesia (PT Anugerahinti Gemanusa) and integrated oil palm plantation & its various products (PT Malindo Persada Khatulistiwa & PT Maiska Bhumi Semesta).