- Bumitama Agri’s 4Q24 revenue grew 30% q-o-q and 42% y-o-y to IDR5.2t, in line with an output surge – Both CPO and PK segments contributed to the stronger performance.
- - Read this at SGinvestors.io -
- Likewise, PK revenue jumped 46% q-o-q and doubled y-o-y to IDR679b. Production and sales volume were up 28% and 22% q-o-q (3% and 11% y-o-y), respectively, and ASP was also 20% higher q-o-q (81% y-o-y) at IDR9,400 per kg.
EBITDA margin for the quarter expanded to 30.5%, in part due to operating leverage on higher production volume.
- EBITDA margin for the quarter expanded 3.8 percentage points (ppt) q-o-q (4.4 ppt y-o-y) to 30.5%, in part due to operating leverage on higher production volume. Together with higher revenues, EBITDA grew 48% q-o-q (65% y-o-y) to IDR1.6t.
- - Read this at SGinvestors.io -
- As a result, net profit was up 39% q-o-q but more than doubled y-o-y at IDR832b.
FY24 was a challenging year for production due to weather conditions, but this was offset by higher prices.
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
Ada Lim OCBC Investment Research | https://www.iocbc.com/ 2025-02-27
Previous report by OCBC:
2025-02-07 Bumitama Agri - Healthy Retracement.
Price targets by other brokers at Bumitama Agri Target Prices.
Listing of research reports at Bumitama Agri Analyst Reports.
Relevant links:
Bumitama Agri Share Price History,
Bumitama Agri Announcements,
Bumitama Agri Dividend Payout Dates & Corporate Actions,
Bumitama Agri News
