SGX:P8Z

Bumitama Agri's Attributable Profit Climbs 44% in H1; Interim Dividend Declared

Bumitama Agri (SGX:P8Z) recorded a 44% rise in profit attributable to owners in the first half to 1.827 trillion rupiah from 1.267 trillion rupiah a year prior.Earnings per share increased to 1,054 rupiah from 730 rupiah previously, according to a Friday Singapore bourse filing.Revenue climbed 24% to 12.1 trillion rupiah from 9.74 trillion rupiah in the year-ago period.The palm oil and palm kernel producer declared an interim dividend of SG$0.041 per share, payable Sept. 3 to shareholders to record as of Aug. 26. It paid SG$0.0363 per share in the year-ago period.

Bumitama Agri's Net Profit Jumps in Q1

Bumitama Agri's (SGX:P8Z) net profit attributable to owners of the company jumped 49% to 740 billion Indonesian rupiah in Q1 from 496 billion rupiah a year earlier.Revenue surged 22% year over year to 5.627 trillion rupiah from 4.594 trillion rupiah, according to a Tuesday filing from the palm oil and palm kernel producer with the Singapore Exchange.

RHB Research Institute Downgrades Bumitama Agri to Sell from Neutral; Price Target is SG$1.70