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NEWSLETTER

April 2017 Issue

Jakarta, 27 April 2017 - PT Sampoerna Agro Tbk and subsidiaries ("Sampoerna Agro" or "the Company") released its unaudited financial and operational results for the period ending in 31 March 2017 ("1Q17"). Sampoerna Agro performed well in the first quarter 2017 mainly because it was backed by high commodity prices, as global CPO stocks persisted to be at lower levels, and decent harvesting volume, as production recovery continued. Another surprising factor from palm kernel provided good support for the Company in terms of financial performance. Sampoerna Agro managed to book Rp1,029.01 billion of consolidated revenue in 1Q17, or 43% higher versus the previous year's performance ("1Q16"). It also paved the way for robust earnings performance which was recorded at 1,027% higher, from Rp14.02 billion in 1Q16 to Rp157.96 billion in 1Q17. Read More...
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