Company Report | [TBLA] As Sweet As Its Sugar

Coal Average Selling Price Increase

Established in 1973, PT Tunas Baru Lampung Tbk is one of Sungai Budi’s group members which was formed in 1947 and became one of the pioneers of the agriculture industry in Indonesia. TBLA has two main businesses including palm oil, sugarcane, and sugar with contributions of around 73% and 27% to total revenue in 2022. The Company’s core plantations are in a good growth phase with an average crop age of 13 years. The Company operates its plantation business and produces four categories of products including palm oil (CPO and PK), cooking oil, sugar/cane, and biodiesel. The Company currently has a market share of around 60%.

Asset Growth

Established in 1973, PT Tunas Baru Lampung Tbk is one of Sungai Budi’s group members which was formed in 1947 and became one of the pioneers of the agriculture industry in Indonesia. TBLA has two main businesses including palm oil, sugarcane, and sugar with contributions of around 73% and 27% to total revenue in 2022.