pstrongNet profit for the period fell 23.5% YoY to IDR 328.4b./strong/p pDespite higher revenue, Bumitama Agri’s 1Q24 net profit dropped 23.5% YoY and 15.1% QoQ to IDR 328.4b./p pRevenue for the period was IDR3.87t, up 8% YoY on the back of rising volume.
Despite higher revenue, Bumitama Agri’s 1Q24 net profit dropped 23.5% YoY and 15.1% QoQ to IDR 328.4b.
The company attributed its lower net profit to the"strengthening US Dollar effect” due to the Fed's higher-for-longer rates.
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