BSP profit rises 80%

BSP profit rises 80%

JAKARTA (JP): The publicly-listed Bakrie Sumatera Plantations (BSP) booked sales of Rp 462.5 billion (US$201.3 million) in the third quarter of this year, indicating a 109 percent increase over the same period of last year.

The company announced here yesterday that its net profit increased by 80 percent to Rp 24.98 billion in the July-Sept period.

BSP's encouraging performances were resulted from the increase in the sales volume of its rubber and the rise of prices during the period.

In the January-Sept period, the average price of rubber of RSS 1 quality rose to US$1.6 per kilogram from $1.1 in 1994.(hen)