Bumitama Agri’s net profit falls 47.7% YoY to IDR647.37b in 2H22

The company attributed the decline in low-cycle production.

SGX-listed Bumitama Agri saw its net profit decline 47.7% YoY to IDR647.37b ($57M) in the second half of FY22 (2H22).

In a bourse filing, the oil palm plantation company said 2H22 was a “period of normalising prices and low-cycle production anomaly due to intensifying extreme weather conditions,” resulting in lower net profit.

For the full year, however, the company’s net profit soared by 64.2% YoY IDR2.83T ($249.3M).

The full-year net profit translates to earnings per share of IDR1,618 ($0.14).

1 SGD = 11354.03 IRD

Follow the link for more news on

Financial Statements

Also Read

Lorem Ipsum 2 [SBR 26 march]

Lorem Ipsum [SBR 26 march]

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Vibrant Group wins suit against Blackgold Australia

The group shall be paid damages and fees by Blackgold Australia’s ex-CEO and ex-chairman.

Lorem Ipsum text in year 2025

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old.

Agribusiness

Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source. Lorem Ipsum comes from sections 1.10.32 and 1.10.33 of "de Finibus Bonorum et Malorum" (The Extremes of Good and Evil) by Cicero, written in 45 BC. This book is a treatise on the theory of ethics, very popular during the Renaissance. The first line of Lorem Ipsum, "Lorem ipsum dolor sit amet..", comes from a line in section 1.10.32.

Agribusiness

Secondhand furniture gains traction as Singaporeans embrace circular economy practices