LSIP – Booked a net profit of IDR1.04 tn in 2022

London Sumatra Indonesia (LSIP) profit rose 4% yoy on the back of sales worth IDR4.59 tn, up 1% yoy. This increase in sales was in line with the increase in the average selling price of palm products, which was offset by a decrease in the sales volume of crude palm oil. LSIP's total FFB production rose 2% yoy to 1.42 mn tons in line with the increase in external FFB, which was partially offset by a decrease in core FFB. Core FFB production fell 2% yoy to 1.17 mn tons mainly due to the impact of unfavorable weather and oil palm replanting activities. LSIP's total CPO production reached 306 tons, the same as in 2021. (Source : Investor Daily)