Coal Average Selling Price Increase

AALI’s sales in 6M23 experienced a decline of 14.4% YoY with all segments contracting, leading AALI’s bottom line to contract 54.6% YoY. On the production side, Fresh Fruit Bunch (FFB) production in 2Q23 was recorded at 1.16 million tons (vs. 2Q22: 1.11 million tons), which grew both quarter-on-quarter (22.5%) and year-on-year (4.8%). CPO production in 2Q23 was recorded at 351 thousand tons, up from 268 thousand tons in the previous quarter.

Asset Growth

AALI’s sales in 6M23 experienced a decline of 14.4% YoY with all segments contracting, leading AALI’s bottom line to contract 54.6% YoY.

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