Jakarta - PT Mahkota Group Tbk (MGRO) during the January-September 2021 period posted revenues of Rp4.76 trillion, an increase of around 88.05% compared to the same period the previous year, Rp2.53 trillion.

"MGRO's main source of income is from sales of CPO, PK, RBDPO, PFAD, PKO, PKE and the rest is supported by storage tank rental services, sales of shells and other derivative products," said MGRO President Director Usli Sarsi in his statement on Tuesday (2/11).

Along with revenue, the company managed to achieve attributable net profit as of the end of September 2021, reaching Rp57.2 billion from a net loss of Rp34.5 billion.

This profit was supported by the increase in the selling price of world palm oil products which had risen sharply this year, and the addition of new PKE and PKO products.

"By the end of 2021, Mahkota Group projects to achieve a total production volume of 522,000 tons, of which 90.6% has been achieved