Corporate digest

Bumitama Agri

BUMITAMA Agri's second-quarter net profit rose 36.1 per cent to 388.06 billion Indonesian rupiah (S$36.6 million) on higher sales volume amid a recovery in palm production, the Indonesian palm oil producer announced on Tuesday before the market opened. For the three months ended June 30, earnings per share was 222 rupiah, compared to 162 rupiah a year ago. For the first six months of the year, net profit grew 10 per cent to 619.83 billion rupiah, or 354 rupiah per share. Bumitama declared an interim dividend of 0.75 Singapore cent per share, in line with its year-ago payout.

Q2 revenue rose 22.4 per cent to 2.35 trillion rupiah as crude palm oil (CPO) production grew 28.1 per cent to 266,802 tonnes while average CPO price slipped 3.4 per cent to 7,786 rupiah per kilogramme.