SINGAPORE – A palm oil company, Clobal Palm Resources Holdings, on Monday (10/11/2014), reported that the net profit of the company in the third quarter ended on September 2014 (3Q2014) as Rp 23,6 billion or increase by 129% from Rp 10,3 billion in 3Q2013.

While according to the official statement of the group, the revenue in 3Q2014 also increasing by 39% to Rp 101,9 billion. Cause of the purchasing volume is higher than the average sell price of crude palm oil (CPO) and palm kernel (PK) which are higher.

In other words, the gross profit of the group also increasing from 27,4 billion in 3Q2013 to Rp 34,2 billion in 3Q2014. “The margin of gross profit for the quarter is decreased by 4% become 33,5% from 37,5% compared by the previous year,” said the group. (T3)