TAPG – Net profit growth in 9M24 on higher CPO prices

TAPG – Net profit growth in 9M24 on higher CPO prices Triputra Agro Persada (TAPG) posted revenue of IDR6.24 tn (+3.37% yoy) and net profit of IDR1.61 tn (+46.58% yoy) in 9M24. TAPG's revenue consisted of the palm oil segment and its derivatives worth IDR6.22 tn and the rubber segment and its derivatives worth IDR22.06 bn. The increase in performance was due to the increase in CPO prices and the age of oil palm plants that are still in the productive period, which is between 10-15 years. TAPG projects that the increase in production in 4Q24 will encourage performance to continue to grow, especially if fertilizer prices remain at a low level. (Source : Kontan)