PTPN III’s profit jumped 181% to Rp 488 billion

JAKARTA – Holding Of Perkebunan Nusantara PT Perkebunan Nusantara lll (PTPN) has obtained a consolidated net profit of 488 billion in April 2017, an 181% increase compared to the same period in 2016 which suffered loss of 604 billion Rupiah.

The net profit growth was sustained by increased sales due to increased crop productivity and efficiency efforts to curb cost of goods and boosted by rising commodity prices.

President Director of Holding Perkebunan Nusantara PTPN Ill Dasuki Amsir explained that amid rising commodity prices, the company until April 2017 also recorded a sales increase of Rp11.2 trillion or a 35 percent growth compared to the same period in 2016 of Rp8.3 trillion. The increase in sales was supported by a 19% increase in productivity of crude palm oil (CPO) and dry rubber by 5% over the same period last year.

“So the achievement of consolidated net profit of Rp488 miIiar, not only a blessing from the increase in commodity prices, but from the results of our evaluation performance improvements that occur due to changes in work culture and efficiency in operations either on farm or off farm,” Dasuki said in Jakarta.

Dia menambahkan, dari sisi perbaikan operasional, manajemen juga mampu mencatatkan net operating cash flow senilai Rp1,5 triliun atau meningkat sebesar 373% dibandingkan periode yang sama pada 2016 sebesar Rp327 miliar.

Meanwhile, the company’s earnings before tax, interest, depreciation and amortization (EBITDA) margins are fundamental to better and healthier financial performance. As reflected in April 2017, the Company’s EBITDA increased 182% or Rp2.5 trillion from Rp871 billion in the same period in 2016.

Source: okezone.com

PTPN IV