May 04, 2016 12:36 PM ET

Food Products

Company Overview of PT Salim Ivomas Pratama

Company Overview

PT Salim Ivomas Pratama Tbk, together with its subsidiaries, operates as an integrated producer of edible oils and fats in Indonesia and internationally. The company operates through two segments, Plantations, and Edible Oil and Fats. The Plantations segment is primarily involved in the development and maintenance of oil palm, sugar cane, and rubber plantations; and processing, marketing, and sale of palm oil, sugar, and rubber products. This segment also engages in the development and maintenance of cocoa, coconut, and tea plantations, as well as management and cultivation of industrial timber plantations, including agroforestry. The Edible Oil and Fats segment produces, markets, and sells ...

Sudirman Plaza

Indofood Tower

11th Floor

Jl. Jend Sudirman Kav. 76-79

Jakarta,  12910

Indonesia

Founded in 1992

38,998 Employees

Phone:

62 21 5795 8822

Fax:

6221 5793 7503

Key Executives for PT Salim Ivomas Pratama

PT Salim Ivomas Pratama does not have any Key Executives recorded.

PT Salim Ivomas Pratama Key Developments

PT Salim Ivomas Pratama Presents at Nomura Indonesia All Access 2016, Apr-12-2016

PT Salim Ivomas Pratama Presents at Nomura Indonesia All Access 2016, Apr-12-2016 . Venue: Grand Hyatt, Jakarta, Indonesia.

PT Salim Ivomas Pratama Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2015

PT Salim Ivomas Pratama reported audited consolidated earnings results for the year ended December 31, 2015. For the year, the company reported sales of IDR 13.84 trillion or decreased 8% year-over-year primarily as a result of lower sales contribution from Edible Oils & Fats (EOF) Division. Operating profit was IDR 1.63 trillion or down 34% year-over-year mainly due to lower gross profits but partly offset by lower general & administration expenses, other operating expenses and higher other operating income. Profit for the year attributable to owners of the parent was IDR 264 billion or down 69% year-over-year principally due to lower operating profit and higher finance costs. Profit for the year was down 68% year-over-year to IDR 365 billion. Excluding the forex impacts, profit for the year would have been IDR 510 billion, down 57% year-over-year.

PT Salim Ivomas Pratama Tbk Reports Earnings Results for the Year Ended December 31, 2014

PT Salim Ivomas Pratama Tbk reported earnings results for the year ended December 31, 2014. For the year, the company reported a 13% increase of sales growth to IDR 14.96 trillion compared to IDR 13.28 trillion in fiscal 2013. Positive sales growth was principally driven by higher average selling prices of palm products (CPO and PK) as well as higher edible oils and fats sales. Operating profit rose 38% to IDR 2.44 trillion in fiscal year 2014 with operating margin of 16% in line with higher gross profit but partly offset by higher operating expenses and lower other operating income. The company reported a 61% increase in Profit Attributable to Owners of the Parent to IDR 842 billion mainly as a result of to higher operating profit.

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