InfoSAWIT, JAKARTA – The increasing income escalated the profits of palm oil plantation company, PT Sawit Sumbermas Sarana Tbk (SSMS). In 2022 the profits for the year increased to be Rp 1,8 trillion while in 2021 it reached Rp 1,5 trillion.

Financial reports of SSMS revealed that the trade activity reached Rp 7,2 trillion or increased 27% while 2021 trade reached Rp 5,2 trillion.

"The increasing income was the same with the increasing principal load 30% from Rp 2,9 trillion to be Rp 4,2 trillion. This delivered impact to the gross profits of th company which increased from Rp 2,2 trillion to be Rp 2,9 trillion," management of SSMS mentioned, as InfoSAWIT quoted from Beritasatu.

The selling significantly increased from Rp 81,2 billion to be Rp 215,5 billion. The finance did too from Rp 540 billion to be Rp 551 billion, including general burden and administration that increased from Rp 572 billion to be Rp 690 billion.

Profit per share of SSMS increased Rp 192,90 per share from 2021 profit per share that reached Rp 159,11.

Not only that, SSMS successfully pressed numbers of liability in 2022 by having those that reached Rp 7,5 trillion while in 2021 it reached Rp 7,7 trillion. In the contrary, numbers of equity increased from Rp 6,10 trillion to be Rp 6,44 trillion.

In its financial report published by Investor Daily, Wednesday (29/3/2023) the total liability and equity in the company escalated to be Rp 13,9 trillion compared to 2021 that reached Rp 13,8 trillion.

The company got decreasing current assets from Rp 3,5 trillion to be rp 2,8 trillion. Non-current asset of the company increased from Rp 10,3 trillion to be Rp 11 trillion. The fluctuation of current and non-current asset led the company’s asset closely increased to be Rp 13,9 trillion from 2021 asset that reached Rp 13,8 trillion. (T2)