|PT Astra Agro Lestari Tbk Brief Profile|
PT Astra Agro Lestari Tbk (“the Company”) is a subsidiary of PT Astra International Tbk, engages in the agribusiness, specifically in the management of oil palm plantations and the production of palm oil.
Established 34 years ago, the Company is committed to manage oil palm plantation with locations spread over Sumatra, Kalimantan, and Sulawesi, producing high quality Crude Palm Oil (CPO), to meet the demands of both the domestic and export markets.
Apart from producing CPO, the Company also produces palm oil derivative products at its refinery established in West Sulawesi. These palm oil derivative products are aimed to satisfy the demands of the export market.
Since 1997 the Company is registered and listed as a public company at the Indonesia Stock Exchange (IDX) where public ownership of its shares reached 20.32%. The Company’s share price at the time of its Initial Public Offering (IPO) was Rp 1,550 per share, and in December 2014, the Company’s share listed under the trade code AALI closed at a price of Rp 24,250 per share. Until the end of 2014, the Company has been managing 297,579 hectares of oil palm plantations comprising 235,311 hectares of nucleus plantations and 62,268 hectares of plasma plantations.
The Company strives to become a role model and contributes to the nation’s development and prosperity. Therefore, the engagement of stakeholders and the implementation of various Corporate Social Responsibility (CSR) programs which focuses on four pillars, namely: education, health, economic empowerment for the communities, and environmental preservation, play an important role in supporting the Company’s efforts to achieve a sustainable business growth.