{
  "id": 19738798,
  "title": "Haze-linked First Resources, Bumitama post higher profits for Q3",
  "url": "https://urgent.news/2026/11/13/haze-linked-first-resources-bumitama-post-higher-profits-for-q3",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-13T01:12:25.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/haze-linked-first-resources-bumitama-post-higher-profits-q3"
  },
  "original_language": "en",
  "account": "Two palm oil companies connected to the October haze incident disclosed higher earnings for the third quarter ended September 30, 2026. First Resources reported a 40.1% rise in underlying net profit to US$122.7 million, driven by increased sales of palm oil products and fruit bunches. Sales grew 24.9% to US$578.6 million, while Ebitda increased 26.6% to US$207.4 million. The company expects demand for palm oil to remain strong due to Indonesia's biodiesel program and high crude oil prices. Bumitama saw a 2% increase in net profit to 614 billion rupiah (US$34 million) for the quarter, with nine-month earnings up 31% to 2.4 trillion rupiah. Revenue rose 10% to 4.2 trillion rupiah for the quarter, and 20% for the nine months. However, exceptionally dry weather in Kalimantan affected logistics and shipments, reducing third-quarter revenue. Both companies committed to a zero-burning policy and cooperation with authorities in relation to the haze.",
  "summary": "The companies expect demand for palm oil to remain supported in the coming year",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}