First Quarter 2019, DSNG CPO Production Increased by 61%
JAKARTA, 29 APRIL 2019 – PT Dharma Satya Nusantara Tbk ("The Company", "DSNG") recorded a Crude Palm Oil (CPO) production of 129 thousand tons in the first quarter of 2019, an increase of 61% compared to the first quarter of last year, following an improvement in plantation productivity in the past few months and the addition of CPO production from the companies acquired at the end of 2018.
The President Director of the Company, Andrianto Oetomo, said in an official statement that from the second semester of last year to the first quarter of this year, the Company’s plantation yield has returned to its production patterns from two years ago. The recovery from a prolonged dry season, along with the contribution from the new plantations acquired by the Company in December 2018 had led to a significant increase in the Company’s FFB production.
“Our FFB production the Company reached 512 thousand tons in the first quarter of 2019, an increase of 73% compared to the first quarter of 2018 of 296 thousand tons, including the additional FFB contribution of 10% from two newly acquired plantations,” said Andrianto Oetomo.
Furthermore, the Company’s CPO sales volumes also doubled to 166 thousand tons against 82 thousand tons in the first quarter last year following additional volumes from remaining inventory last year.
The upside from sales volume however was partly offset with a lower average selling price of 20% from Rp 7.7 million per ton to Rp 6.1 million per ton, resulting the Company’s net revenue in the first quarter of 2019 amounted to Rp 1.37 trillion, 42% higher than the first quarter last year, in which the palm oil business segment contributed 82% or Rp 1.13 trillion, only 52% higher compared to the first quarter of 2018.
Similar higher revenue pattern was also seen in the wood product business, as the sales revenue increased by 9% to Rp 242 billion compared to the first quarter of 2018, mainly driven by an increase in panel product sales volume by 17% combined with higher average price of 8%.
For this quarter, the Company posted comprehensive income of Rp 66 billion, an increase of 78% compared to the first quarter of 2018, with a higher comprehensive profit margin of 4.8% from the first quarter compared to 2018’s 3.9%.
ABOUT PT DHARMA SATYA NUSANTARA Tbk
PT Dharma Satya Nusantara Tbk was established on September 29, 1980 and has engaged in the palm oil and wood products industry since. The Company currently has 108,411 hectares of planted areas of palm oil plantations and 9 palm oil mills with a total capacity of 510 tons per hour, that processes Fresh Fruit Bunches (FFB) into Crude Palm Oil (CPO). As for the wood product business segment, the Company operates a wood processing plant in Central Java, which produces panels and engineered floorings.
TENTANG PT DHARMA SATYA NUSANTARA Tbk
PT Dharma Satya Nusantara Tbk didirikan pada 29 September 1980 yang bergerak di bidang industri kelapa sawit dan produk kayu. Saat ini, Perseroan memiliki perkebunan kelapa sawit dengan lahan tertanam 108.411 hektar dan 9 pabrik kelapa sawit dengan total kapasitas 510 ton per jam, yang mengolah Tandan Buah Segar (TBS) menjadi CPO. Sedangkan di segmen usaha produk kayu, Perseroan memiliki pabrik pengolahan kayu di Jawa Tengah, yang memproduksi panel dan engineered flooring.
KETERANGAN LEBIH LANJUT
PT Dharma Satya Nusantara Tbk
Jl. Rawa Gelam V Kav. OR/3B Kawasan Industri Pulogadung