ESSA Records Net Income of U.S. $ 6.9 Million

PT Surya Eka Perkasa Tbk (ESSA), issuers engaged in LPG refinery, the first semester of 2013 (unaudited) recorded revenues (consolidated) U.S. $ 19.6 million and net income of U.S. $ 6.9 million, and EBITDA of U.S. $ 12 million.

In the disclosure of information the Indonesia Stock Exchange, mentioned ESAA produce LPG at 21 493 metric tons, and 78,586 barrels of condensate during the first semester of 2013, an increase of respectively 26.1% and 33.8% compared to the first half of 2012.

The average selling price of LPG during the first half fell 10.8% to U.S. $ 809 per metric ton, compared to U.S. $ 903 per metric ton in the first half 2012.Harga average LPG during the first semester of 2013 is higher than the benchmark of the Company in 2013 amounted to U.S. $ 750 per metric ton.

CPO production in 2013 Projected 27.5 Million Tons

Production of crude palm oil (CPO) is projected nationally at 27.5 million tonnes by the end of the year, an increase over 2012, which reached 26.5 million tonnes.
“Until the first half production was down about 6-7 percent. But usually the second half production rose, probably to around 27.5 million tonnes by December,” said Secretary General of the Indonesian Palm Oil Association (Gapki) Joko Supriyono in Jakarta on Sunday.
Thus, he continued, the national CPO production in 2013 will continue to grow, although only one million tons.
“The increase in production of one million tons of CPO (2013) was a moderate,” said Joko.
Though he acknowledges, national CPO production last year rose quite large about three million tonnes from the year 2011 amounted to 23.5 million tons. Weather factors, it called, simply influence CPO production this year.
CPO production growth are only one million tonnes, he added, have an impact on national CPO stocks projected down in Inia.
“Last year the stock of CPO reached about five million tonnes. Years estimated at around two million tonnes,” he said.
Due to the large stock of last year, until the first half of this year the national CPO exports, he said, continues to grow about 29 percent, although production in the same period down 6-7 percent.
“Exports account for about 10.6 million tonnes by the first half, continued to grow approximately 29 percent over the same period of 2012, because there is a carry-over of stock last year,” he said. .