Teladan Prima Agro saw 108.5% profit surge in Q3 2022
JAKARTA – The profit of PT Teladan Prima Agro Tbk (TLDN) skyrocketed 108.5% (year-on-year/yoy) to IDR 560.47 billion in the third quarter of 2022 from IDR 268.78 billion seen in the same period in last year.
Wisnu Wardhana, President Director of Teladan Prima Agro, revealed that as of September 2022, the revenue clocked up to IDR 2.47 trillion, shifting significantly from IDR 2.04 trillion in Q3 2021. “The most extensive contributor to the revenue is crude palm oil (CPO) production worth IDR 2.21 trillion,” he added in the press release quoted Monday (28/11).
According to Wardhana, the dominating amount of contribution of CPO production coincided with the increased the average price of 19.9% throughout this period. For instance, the CPO price went higher to IDR 11,556 per kg, while the palm kernel price shifted to IDR 7,477 per kg.
Furthermore, the fresh fruit bunch production reportedly hit 758,507 tons throughout January-September 2022. It also grew 17.6% from the previous quarter, and 26.8% higher than the production seen in the same period last year. (LK/ZH)