Provident Investasi Bersama Tbk (PALM)
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Provident Investasi Bersama Tbk Profile
| Capital Markets Industry | Financials Sector | Mr. Tri Boewono CEO | IDX Exchange | ID1000125008 ISIN |
| ID Country | 7 Employees | 21 Jan 2022 Last Dividend | - Last Split | - IPO Date |
Overview
PT Provident Investasi Bersama Tbk, previously known as PT Provident Agro Tbk, operates in the agricultural sector with a focus on palm oil plantations in Indonesia. Founded in 2006 and with its headquarters in Jakarta, Indonesia, the company has established itself as a player in the development, maintenance, and production within the palm oil industry. As of the latest reporting, Provident manages an extensive area of plantation, totaling approximately 6,295 hectares. Besides its primary focus on palm oil cultivation and processing, the company expands its revenue streams through trading activities. The name change in September 2022 signifies a potential strategic shift or expansion in its business model, underscoring its evolution within the agricultural and trading sectors.
Products and Services
- Plantation Development and Maintenance
- Crude Palm Oil and Palm Kernel Processing
- Sales and Trading Activities
At the core of its operations, PT Provident Investasi Bersama Tbk emphasizes the comprehensive development and maintenance of palm oil plantations. This includes land processing, seeding, operating nurseries, planting, and regular maintenance to ensure high yield and quality of the fresh fruit bunches (FFB) harvested. These processes are crucial for the sustainability and profitability of their palm oil production.
The harvested FFBs are processed into crude palm oil (CPO) and palm kernel, which are the primary products of the company. These processes involve extracting oils and kernels from the fruit, which then undergo further refinement for various uses in the food, cosmetic, and biofuel industries, among others. This vertical integration from plantation to processed goods allows for better control over product quality and cost efficiency.
Beyond production, PT Provident Investasi Bersama Tbk engages in the sales and trading of plantation products, creating additional revenue streams. This aspect of the business includes both the domestic and international trading of their raw and processed products, thereby expanding their market reach and enhancing profitability.
