STAA – Expects a 35% yoy revenue growth in 2025

STAA – Expects a 35% yoy revenue growth in 2025 Sumber Tani Agung Resources (STAA) targets a 35% yoy revenue growth this year in line with the addition of a refinery plant that processes CPO into RBDPO. The plant has a capacity of 2,000 tons per day and includes a docking facility capable of accommodating 50,000 DWT vessels, along with a 64,000-ton storage tank in Riau. STAA aims for the plant to be operational by April 2025. Note that, STAA recorded revenue of IDR6.43 tn (+21.83% yoy) and net profit of IDR1.28 tn (+88.04% yoy) in 2024. (Source : Bisnis Indonesia)