In 4Q21, AALI booked an income of IDR6.3 tn and boosted the total revenue of FY21 to IDR24.3tn (+29.3% YoY). The jump in CPO price also pushed the net profit up to IDR2.0tn (+136.6% YoY). We estimate CPO price to continue rising as demand increases, whereas the commodity price has gone up 33.6% year to date.
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