BW Plantation sees plunging profits
Bareksa • 25 Mar 2014
Kapal tanker melakukan bongkar muat di Pelabuhan Crude Palm Oil (CPO) Kabil, Batam (ANTARA FOTO/Joko Sulistyo)
The company had a positive outlook, citing the latest improvement in its selling price
The Jakarta Post - Publicly listed plantation company PT BW Plantation saw its profits plunge significantly last year despite increasing sales, as it suffered from rising costs and price volatility.
The firm booked stronger sales last year, growing by 20.74 percent to Rp 1.14 trillion (US$100.17 million), thanks to an increase in the sales volume of its crude palm oil (CPO) and palm kernels.