JAKARTA. PT FAP Agri Tbk (FAPA), a palm oil manufacturer, reported dividend income of IDR 47.5 billion.

The dividend was received from its subsidiary, PT Tirta Madu Sawit Jaya (TMSJ).

According to IDNFinancials data, TMSJ is a business entity engaged in the palm plantation and palm oil refinery. This subsidiary has been operating in North Kalimantan since 2012. Total assets owned by TMSJ were recorded at IDR 1.08 trillion.

Throughout the first half (H1) of 2024, FAPA managed to collect sales of IDR 2.49 trillion, with net profit reaching IDR 83.05 billion. (KR/ZH)