Consistent Growth in Sales Performance
AALI posted the growth of 23% in sales from IDR14.1 trillion in 2016 into IDR17.3 trillion in 2017. The growth was underpinned by the hike of 7% in the production of fresh fruit bunch (FFB) from 4.8 million tons in 2016 into 5.2 million tons in 2017. Another to the increment in FFB production, the incline of 2% in CPO’s average price from IDR8,524/kg in 2016 into IDR8,655/kg in 2017 were the potent drivers for the growth in sales.
Growth of 33% in EBITDA
Although AALI posted the growth of 23% in sales, it only posted the net profit of 0.2% from IDR2 trillion in 2016 into IDR2.01 trillion in 2017. It was mainly just attributable to the gain in 4Q16’s tax benefit. Furthermore, it also posted the growth of 33% in EBITDA from IDR2.2 trillion in 2016 into IDR2.93 trillion in 2017. The growth in EBITDA was underpinned by the efficiency in the harvest and maintenance cost of 2.9%.
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