KONTAN.CO.ID - JAKARTA. PT Astra Agro Lestari Tbk (AALI) has recorded a positive performance in the period of January-March 2020. The company’s net profit has risen over 892%, reaching the value of Rp 371,06 billion, in comparison to the same period in 2019. “Following the increase, the earning per share has risen to 891,72% from 19,44 from the first quarter in 2019 to Rp 192,79 from the first quarter in 2020,” said Santosa, CEO of Astra Agro in his statement for a press release in Jakarta, Tuesday (28/4). The uplift in the company’s net profit on the first quarter of 2020 is driven by the 45% increase in average selling price of oil palm where the price has reach Rp 9.037/kg. In the same period, the net income of Astra Agro has risen to 13,3% from Rp 4,23 trillion to Rp 4,79 trillion.
Astra Agro profits skyrocketing as higher CPO price push up revenues
KONTAN.CO.ID - JAKARTA. PT Astra Agro Lestari Tbk (AALI) has recorded a positive performance in the period of January-March 2020. The company’s net profit has risen over 892%, reaching the value of Rp 371,06 billion, in comparison to the same period in 2019. “Following the increase, the earning per share has risen to 891,72% from 19,44 from the first quarter in 2019 to Rp 192,79 from the first quarter in 2020,” said Santosa, CEO of Astra Agro in his statement for a press release in Jakarta, Tuesday (28/4). The uplift in the company’s net profit on the first quarter of 2020 is driven by the 45% increase in average selling price of oil palm where the price has reach Rp 9.037/kg. In the same period, the net income of Astra Agro has risen to 13,3% from Rp 4,23 trillion to Rp 4,79 trillion.