|PT Astra Agro Lestari Tbk Brief Profile|
As one of the largest oil palm plantations in Indonesia which has been operating for 35 years, PT Astra Agro Lestari Tbk (Perseroan) may be considered as role model in managing oil palm estates.
Moreover, through a partnership model with the communities, both through a plasma program and Income Generating Activities (IGA), the Company was able to realize its vision to become a leading company and contribute to the development and prosperity of the nation.
In 1997 the Company became a public company listed on the Indonesian Stock Exchange. Currently, public ownership of the shares has reached 20.3% out of 1.57 billion shares in circulation. Â Since the Initial Public Offering (IPO), the Company’s shares continually appreciated from Rp 1,550 to Rp 15,850 per share at the close of trading on the Indonesian Stock Exchange (IDX) at the end of 2015.
In addition to strengthening its position at the upstream sector by managing an area of 297,862 hectares comprising nucleus and plasma plantations, the Company also strengthened its palm oil downstream business. Owning a palm oil refinery, PT Tanjung Sarana Lestari in the Mamuju Utara Regency, West Sulawesi and 50% equity shares in PT Kreasijaya Adhikarya in Dumai, Riau Province, has significantly strengthened the Company’s competitiveness in the palm oil business chain.
Amidst the increasingly competitive business, the Company is committed to manage the business innovatively, efficiently and productively. In order to reach a sustainable business growth, the Company also works to ensure that its presence provides major benefits to all stakeholders.