InfoSAWIT, JAKARTA - PT Dharma Satya Nusantara Tbk (DSNG) announced impressive increasing profits in the first quarter of 2024. This meant the consistent progress in its business. The profits reached Rp 229 billion or escalated 6,6% year on year (yoy). It happened for the increasing selling namely in palm oil, wood, and renewable energy.
For the past three months of 2024, the selling of DSNG reached Rp 2,23 triliun, escalated 7,9% yoy. Palm oil sector would be the mainstay that contributed 85% of the total income in the company or equal to Rp 1,9 trillion. Palm oil trade escalated 5,1% to the same period last year.
It happened for the increasing crude palm oil (CPO), palm kernel oil (PKO) volume that reached 3,7% and 45,1% yoy. Nevertheless, CPO average price in the period decreased 2% to the previous year.
Director of DSNG, Andrianto Oetomo thought the increasing price in the globe for vegetable oil in the early of this year might happened for the increasing vegetable oil supply and geopolitics in some countries.
“CPO average price in DSNG got decreased 1,9% yoy to be Rp 11,74 million per ton while last year it reached Rp 11,97 million per ton. It was the same with the decreasing commodity prices, including vegetable oils,” Andrianto said.
According to th official statement that InfoSAWIT got, Tuesday (30/4/2024), DSNG successfully managed gross profits and operational profits well. They increased 17,2% and 30,8% yoy for each. Besides, EBITDA of the company escalated Rp 635 billion or 21,6% yoy
Though CPO production got decreased 1,6% yoy because of external purchase, the company could remain the positive financial performance. New renewable energy sector also significantly contributed to the trade that contributed about 2,5% or Rp 57 billion from palm oil shell trade to Japan.
DSNG seemed to be ready to face the challenges and chance in the future from the increasing performance in the first quarter of 2024. By focusing on the efficient profit management and product diversification, the company would be positive to get sustainable progress. (T2)
