IndoAgri’s net profit up 45% to to $81m in FY14

On back of higher CPO sales volume.

Mainboard-listed agribusiness group IndoAgri reported that its net profit grew 45% to $81m (Rp759b) in FY14, thanks to higher crude palm oil sales volume.

However, IndoAgri was impacted by lower average selling prices of palm products and the depreciating Rupiah.

Going forward in 2015, IndoAgri expects intense competition from other CPO producers as well as competing products like soybean, given the added impetus of lower demand for biodiesel with the fossil fuel price drop.

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