SINGAPURA – Advanced palm oil producer, Indo Agri Resources Ltd, in the last quarter 2014 (4Q14 ) increased 12% year on year (yoy) to be Rp 4.192 billions from Rp 3.749 billions.
According to the Group, Friday (27/2/2015), the increasing happened for the higher selling crude palm oil (CPO) price and the balance of cheaper selling palm oil products. In the full year 2014 (FY 2014) the profits of the group increased 45 % to be Rp 759 billions from Rp 523 billions.
According to the CEO and Executive Director of the Group, Mark Wakeford, in 2014, Indonesian palm oil market faced the decreasing currency (Rupiah) and the cheaper commodity. Though there were lots of efforts to this business, the Group had positive result from the Plantation Division, especially from the increasing volume and palm oil price. (T3)
