SGX Market Tips : Bumitama's 2Q earnings sink 39% to $11 mil .

SINGAPORE (Aug 5): Bumitama Agri's profit fell 39% to IDR 107.65 billion ($11.0 million) in the second quarter finished June 30, 2016, from IDR 176.57 billion a year prior, in the midst of "testing working conditions". 

Income slipped 12.9% to IDR 1.38 trillion in 2Q16, down from IDR 1.58 trillion in the same quarter a year ago. 

This was for the most part because of lower generation yield in the quarter, Bumitama says in a SGX recording on Friday.

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