Profile of an Indonesian Agribusiness Player: PP London Sumatra Indonesia
Indonesia Investments has updated the company profile of plantation firm PP London Sumatra Indonesia (or Lonsum). This Indonesian plantation company, controlled by the Salim Group, focuses on the production of palm oil, rubber, tea and cocoa on its estates on Sumatra, Java, Kalimantan and Sulawesi (covering more than 110,000 hectares in total). Although the global palm oil seed and rubber trade is expected to remain sluggish in 2014, increased sales (and global price) of crude palm oil (CPO) will impact positively on the company’s financial results.
Lonsum recorded a 23.1 percentage point growth (year-on-year) in revenues to IDR 2.37 trillion (USD $202.6 million) in the first half of 2014. Net profit grew 162.7 percent (yoy) to IDR 470.7 billion (USD $39.9 million) during the same period. This growth in revenue and profit was supported by the recovering palm oil price as well as increased CPO and palm kernel sales.
Visit PP London Sumatra Indonesia's company profile
Stock Quote PP London Sumatra Indonesia - LSIP:
In February 2011, the company conducted a 1:5 stock split.
Operational Highlights PP London Sumatra Indonesia:
2008 | 2009 | 2010 | 2011 | 2012 | 2013 | |
Crude Palm Oil |
341.6 | 377.5 | 365.7 | 442.9 | 448.3 | 395.6 |
FFB¹ Nucleus |
1,021.8 | 1,174.1 | 1,170.4 | 1,291.3 | 1,314.8 | 1,250.4 |
Oil Palm Seed² | 22.1 | 18.1 | 20.7 | 26.4 | 27.4 | 24.1 |
Rubber | 23.4 | 21.8 | 18.5 | 13.9 | 13.1 | 12.7 |
in thousand tons, except stated otherwise
¹ Fresh Fruit Bunches
² million seeds
Source: PP London Sumatra Indonesia, Annual Report 2013
Financial Highlights PP London Sumatra Indonesia:
2008 | 2009 | 2010 | 2011 | 2012 | 2013 | |
Net Sales | 3,846.2 | 3,199.7 | 3,592.7 | 4,686.5 | 4,211.6 | 4,133.7 |
Gross Profit |
1,860.8 | 1,390.5 | 1,771.4 | 2,362.3 | 1,681.1 | 1,253.5 |
Net Income | - | - | 1,033.3 | 1,701.6 | 1,116.2 | 769.5 |
EBITDA | - | - | 1,564.6 | 2,245.0 | 1,553.3 | 1,258.0 |
Operating Income | - | - | 1,360.6 | 2,005.5 | 1,324.0 | 1,025.6 |
Total Assets | 4,921.3 | 4,845.4 | 5,561.4 | 6,791.8 | 7,552.0 | 7,974.9 |
Total Liabilities | 1,724.3 | 1,031.9 | 1,007.3 | 952.4 | 1,272.1 | 1,360.9 |
Earnings per share¹ | 136 | 105 | 151 | 249 | 164 | 113 |
in billion IDR rupiah, except stated otherwise
¹ in IDR rupiah
Source: PP London Sumatra Indonesia, Annual Report 2013
Future Projection PP London Sumatra Indonesia's Financial Highlights:
2012 | 2013 | 2014F | 2015F | 2016F | |
Net Sales | 4,211.6 | 4,133.7 | 5,097.0 | 5,572.0 | 5,740.0 |
Net Income | 1,116.2 | 769.5 | 1,246.0 | 1,410.0 | 1,363.0 |
EBITDA | 1,553.3 | 1,258.0 | 1,793.0 | 2,093.0 | 2,085.0 |
P/E Ratio (x) | 12,95 | 21,52 | 12,26 | 10,75 | 11,14 |
in billion IDR rupiah, except stated otherwise
¹ in IDR rupiah
Source: CIMB Securities