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PT TLDN: Positive Financial Performance up to 34,6%

Foto by Dea Kinanti_Sawitfest 2021/ilustration of plantation
PT TLDN: Positive Financial Performance up to 34,6%

InfoSAWIT, JAKARTA - PT Teladan Prima Agro, Tbk (TLDN) successfully got increasing net profits up to Rp 70,25 billion in January - March 2024. These were significant numbers or escalated 34,6% to the same period last year that reached Rp 52,18 billion.

The bottom line - positive performance happened for the decreasing production cost up to 13,7% year on year (yoy), which was the same with the savings strategy that the company implemented while maintaining the optimal productivity level.

Director of TLDN, Wishnu Wardhana said that in January - March 2024, the costs of goods got decreased to be Rp 667,91 billion from Rp 744,1 billion which also got gross profits about Rp 190,73 billion, escalated 5,1% to the same period last year.

“We also successfully maintained operational performance positively both in the plantations and mills,” he said, as in the official statement to InfoSAWIT, Wednesday (1/5/2024).

TLDN keeps being committed to escalate its production while always paying attention to realize efficient costs. One strategi that the company conducted was applying compost production to its plantations.

Last year, the company successfully produced 5.095 tons of compost. It minimized the dependence to purchase chemical fertilizers. Besides, TLDN initiated to develop (palm oil) plantations that took advantages on palm oil mill effluent (POME) and distributed to each block in the plantations. This reduced chemical fertilizer application. It becomes the commitment of the company to sustainable practices.

In association with plantation harvests, TLDN also reported to get increasing fresh fruit bunch (FFB) production up to 16,1% to be 303.107 tons in the first quarter of 2024 compared to the first quarter of 2023. It also increased crude palm oil (CPO) production up to 19,3% to be 82.725 tons and palm kernel (PK) production up to 11,8% to be 12.811 tons.

"The increasing production was the output of best sustainable practices, such as, consistency to apply fertilizers, maintain infrastructures, optimize the harvests, and take advantages on plantation and mill operational,” Wishnu said.

By having the achievements, TLDN keeps showing its commitment to optimize the business result while maintaining the efficient costs, caring about environmental impacts, as parts of the commitment of the company in sustainable business practices. (T2)