Revenue in the first quarter 2024 (“1Q24”) reached IDR3.87 trillion, or 8% higher than the same period
last year (“1Q23”). It was largely driven by higher CPO sales – accounting for 91% of total sales – with 7% YoY rise in volume, more than offsetting the 1% decline in average selling price. Sales contribution from CPO amounted to IDR3.54 trillion in 1Q24, or 7% higher than 1Q23 figure of IDR3.32 trillion.

for more details, please refer to the attached 

Bumitama Agri is a Singapore-based holding company primarily engaged in oil palm cultivation and the production of crude palm oil (CPO) and palm kernel (PK) in Indonesia. The company manages extensive oil palm plantations and operates multiple mills, selling its products to refineries within the country. Bumitama Agri Ltd. was founded in 1996 and is headquartered in Singapore.

Investor Circular - 1Q24

The Group recorded IDR 15.44 trillion in revenue during 2023, or 2% lower than 2022 figure. Reduced commodity prices from 2022’s unsustainable geopolitics-induced average was the key reason. Nonetheless, 2023’s performance was undoubtedly notable as Bumitama saw its revenue more than double since 2019, the pre-covid period. Earnings also surged over the past five years, having tripled in size.

for more details, please refer to the attached file

Investor Circular - FY23

General Announcement: Presentation Slides - Key Updates For The Period Ended 31 March 2021

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Bumitama Agri (BAL SP)

Investor Circular - 1Q24

Investor Circular - FY23

General Announcement: Presentation Slides - Key Updates For The Period Ended 31 March 2021

Earnings Presentation

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