Plantations firms reported a jump in profits last year on the back of higher Crude Palm Oil (CPO) prices and lower costs and expenses. Astra Agro Lestari (AALI) earlier reported its net profit skyrocketed 268% year on year (y/y) to Rp894 billion in 2020, supported by an 11.7% rise in revenue and a 27.8% rise in its averaged CPO prices (Rp8,548 per kilogram).
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