CSRA FY19 Results: A Strong Start

PT Cisadane Sawit Raya Tbk (Bloomberg Stock Code: CSRA IJ) published its 1Q20 unaudited financial results. During the first quarter of 2020, the Company has booked IDR145.62bn in revenues, displaying a robust top-line growth compared to 1Q19. This in fact has set positive results which were mainly driven by the higher average selling price recorded in 1Q20 on YOY basis. In addition, the Company has successfully increased its internal FFB production by around 8% YoY during the first three months in 2020. click for details