Bumitama Agri Ltd. Reports Production Results for the Second Quarter and First Half Ended June 30, 2023
August 10, 2023 at 07:34 pm EDT
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Bumitama Agri Ltd. reported production results for the second quarter and first half ended June 30, 2023. For the quarter, the company produced FFB Nucleus of 679,217 ton against 769,319 ton a year ago. FFB Plasma production was 296,063 ton against 339,286 ton a year ago. FFB Yield was 5.3 ton/ha against 6.1 ton/ha a year ago. FFB External was 417,437 ton against 425,782 ton a year ago. CPO Production was 314,759 ton against 341,304 ton a year ago. OER was 22.6% against 22.3% a year ago. PK Production was 63,866 ton against 71,936 ton a year ago.
For the six months, the company produced FFB Nucleus of 1,197,594 ton against 1,365,628 ton a year ago. FFB Plasma production was 523,271 ton against 595,418 ton a year ago. FFB Yield was 9.4 ton/ha against 10.8 ton/ha a year ago. FFB External was 739,811 ton against 743,049 ton a year ago. CPO Production was 549,643 ton against 603,034 ton a year ago. OER was 22.4% against 22.4% a year ago. PK Production was 111,563 ton against 127,955 ton a year ago.
Bumitama Agri Ltd. is an Indonesia-based fresh fruit bunch (FFB) grower and producer of crude palm oil (CPO) and palm kernels (PK). The principal activity of the Company is investment holding. The principal activities of the subsidiaries are that of investment holding, operating oil palm plantations and palm oil mills located across the Indonesian provinces of Central Kalimantan, West Kalimantan and Riau, and the production and trading of crude palm oil and related products. It is engaged in the cultivation of oil palm trees, as well as the harvesting and processing of fresh palm fruit bunches (FFB) into CPO and PK. The Company has a total of 15 mills with a total planted area of approximately 187,628 hectares. Its mills include Pundu Nabatindo Mill, Katari Agro Mill, Gunung Makmur Mill, Bukit Makmur Mill, Sungai Cempaga Mill, Selucing Mill, Kotawaringin Mill, Lamandau Mill, Tonam Raya Mill, Kendawangan Mill, Pembangunan Raya Mill, Sungai Rasau Mill and Bukit Tunggal Jaya Mill.