First Resources CPO Output Grows 0.2%

SINGAPORE (Yosefardi) – First Resources Limited produced 77,526 tons of crude palm oil (CPO) in August 2015, grew by 0.2% from 77,347 tons in the same period of 2014. For first eight months of this year, the company’s CPO production reached 438,695 tons, increased...

PTPN IV’s Profit Drops 52.4%

JAKARTA (Yosefardi) – State plantation firm PT Perkebunan Nusantara (PTPN) IV booked net profit of Rp225 billion in the first half of 2015, dropped 52.4% from Rp472 billion in the same period of 2013. Net profit margin was 9.1%. Revenues fell 16.7% to Rp2.48 trillion...

PTPN V Posts Profit Rp26 Billion

JAKARTA (Yosefardi) – State plantation firm PT Perkebunan Nusantara (PTPN) V only booked net profit of Rp26 billion in the first half of 2015, far below its full year target of Rp259 billion. The poor achievement is mainly due to the drop in crude palm oil (CPO)...

PTPN X Suffers Loss Rp303.51 Billion

JAKARTA (Yosefardi) – State plantation firm PT Perkebunan Nusantara (PTPN) reported loss of Rp207 billion in the first half of this year, compared to loss of Rp303.5 billion in the same period of last year. Revenues dropped 76% to Rp618 billion from previous Rp351...