InfoSAWIT, JAKARTA – PT Pradiksi Gunatama Tbk (PGUN), a palm oil company owned by entrepreneur Haji Isam, has come under the spotlight again after Tamlikho, one of its directors, sold all of his shareholdings. In a written statement on Wednesday, January 22, 2025, Tamlikho revealed that he sold 15,800 shares of PGUN at a price of Rp 424 per share on January 20, 2025.
"The purpose of this transaction is for divestment with direct share ownership," said Tamlikho, as reported by InfoSAWIT from Emitennews on Thursday, January 23, 2025.
Following the transaction, Tamlikho, who resides in Paser Regency, East Kalimantan, no longer holds shares in PGUN. Previously, he owned 15,800 shares.
On the same day, PGUN's shares recorded a significant increase of 9%, rising by Rp 44 to Rp 510 per share. This surge occurred despite another major shareholder, PT Baramega Citra Mulia Persada, also reducing its ownership stake.
PT Baramega Citra Mulia Persada sold 68,262,250 shares of PGUN at a price of Rp 318 per share on January 16, 2025. After this transaction, the company's ownership in PGUN decreased to 900 million shares, equivalent to 15.69%, down from 16.88%.
Amid the dynamics of share ownership, PGUN's financial performance has shown a sharp decline. As of September 30, 2024, PGUN recorded a net profit of Rp 18.47 billion, down 82.98% from Rp 108.54 billion in the same period last year. Net sales also fell by 36.91% to Rp 387.82 billion from Rp 614.79 billion.
Earnings per share dropped drastically to Rp 3.22 from Rp 20.48 last year. Despite a reduction in financial burdens, declining operating profits and gains from changes in the fair value of biological assets remain significant challenges for the company.
Founded in 1995, PT Pradiksi Gunatama Tbk operates in the plantation and palm oil production sector, with a plantation area of 12,800 hectares. The company also operates a palm oil processing plant with a capacity of 60-90 tons per hour. Additionally, PGUN has supporting business units in construction and transportation.
PGUN officially listed on the Indonesia Stock Exchange on July 7, 2020. With a commitment to sustainable palm oil management, the company has become a key player in the national palm oil industry. However, fluctuations in financial performance and changes in share ownership highlight the challenges faced amid increasingly fierce industry competition. (T2)