Indofood Agri's Q4 net profit rises 32%
Fourth quarter net profit at Indofood Agri Resources rose 31.6 per cent following the strong recovery in agricultural commodity prices for and as the company increased sales of palm products.
Net profit for the three months to Dec 31 was 254.775 billion rupiah (S$28 million), up from 193.574 billion rupiah a year ago.
Quarterly revenue rose 12.8 per cent to 3.749 trillion rupiah, said Indofood Agri, an Indonesian palm oil company which also grows rubber, sugar cane, cocoa and tea.
However full year net profit fell 49.1 per cent to 550.365 billion rupiah as turnover dipped 4.1 per cent to 13.28 trillion rupiah.