Like other plantation firms, Astra Agro Lestari (AALI) and Sampoerna Agro (SGRO) suffered falling profit margins in the third quarter due to correction in crude palm oil (CPO) prices. They, however, remained strong with net profit of Rp362 billion and Rp49 billion respectively in the quarter. Eagle High Plantation (BWPT), a JV between Malaysia’s Felda Group and Indonesia’s Rajawali Group (Peter Sondakh), unfortunately, yet to see the light. To subscribe please click here
