Lonsum's profit rises 43%

Lonsum's profit rises 43%

JAKARTA (JP): Plantation company PT PP London Sumatra (Lonsum)
increased its net profit by 43 percent to Rp 43.98 billion
(US$16.98 million) for the first semester of this year, up from
Rp 30.71 billion in the corresponding period of last year.

The company said yesterday that its total revenue was Rp
100.88 billion in the Jan.-to-June period of this year.

The company's president, Geoffrey Brown, attributed the
company's success to its consistent drive to meet production
targets and also high palm oil and rubber prices.

Palm oil production increased 12 percent to 49,127 tons
compared to the first half of last year, while rubber declined 3
percent to 8,030 tons, which was because some rubber plantations
were converted to oil palm.

The company said that at an average price of US$554, its
48,505 tons of crude palm oil sales grossed Rp 53.97 billion.

Rubber sales exceeded Rp 27.44 billion at an average price of
$1,459 for its 7,785 tons produced.