Triputra Agro Persada (TAPG) Boosts Production Amid Potential Rise in CPO Prices

LISTED COMPANY - JAKARTA. PT Triputra Agro Persada Tbk (TAPG) is forecasting a rebound in its business performance as demand for palm oil, or crude palm oil (CPO), is also expected to rise.

For context, TAPG saw a 1.04% year on year (YoY) decrease in revenue to IDR 1.91 trillion. On the other hand, net profit attributable to the parent entity of TAPG increased by 25.82% YoY to IDR 370.80 billion.

From a productivity standpoint, TAPG's fresh fruit bunch (TBS) and CPO production each grew by 9% and 7% YoY in the first quarter.