Pt. Andira Agro, Tbk Reports Earnings Results for the Full Year Ended December 31, 2018
March 29, 2019 at 12:15 am EDT
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PT. Andira Agro, Tbk announced earnings results for the full year ended December 31, 2018. For the full year, the company announced sales was IDR 300,279.000 million compared to IDR 291,110.000 million a year ago. Net income was IDR 17,199.020 million compared to net loss of IDR 10,515.470 million a year ago. Basic earnings per share was IDR 11.02 compared to basic loss per share of IDR 7.68 a year ago.
PT Andira Agro Tbk is an Indonesia-based company that is engaged in the plantation, agriculture and palm oil mill sectors. The main business activities of the Company are land cultivation, seeding, nurseries, planting, maintenance and harvesting of oil palm fruit and processing of oil palm fruit into crude oil (CPO) and palm kernel crude oil (PK). The plantation owned by Company is located in district of Banyuasin Regency, South Sumatra province, Indonesia, approximately 70 kilometers (kms) from Palembang (Plantation). Apart from managing its own plantations, the Company also cooperates with cooperatives in the form of smallholdings.
PT. ANDIRA AGRO, TBK 
