InfoSAWIT, JAKARTA – Based on financial report at the page of Bursa Efek Indonesia (BEI) net profits of PT Triputra Agro Persada Tbk., (TAPG) got decreasing 66,26 percent year-on-year (yoy) to be Rp 294,7 billion compared to the first quarter of 2022 that could reach Rp 873,5 billion.

It happened for the decreasing sale 12,09 percent yoy to be Rp 1,92 trillion compared to the same period in 2022 that reached Rp 2,19 trillion. In detail based on segment, the sale of TAPG was helped by crude palm oil (CPO) and palm kernel oil (PKO) that contributed about Rp 1,92 trillion.

As quoted from Bisnis, the numbers decreased compared to the first quarter of 2022 achievement that reached Rp 2,16 trillion. The rubber sale of the company also decreased to be Rp 5,73 billion compared to the same period in 2022 that reached Rp 8,19 billion. While fresh fruit bunch (FFB) sale of the company was nothing in the first quarter of 2023 compared to the previous period that reached Rp 13,93 billion.

Management of TAPG told that the decreasing profits and income happened for two major reasons. The first, FFB production got lower in numbers compared to the same period in the previous year. The second, CPO price got cheaper when other commodities got better globally.

“The decreasing production is natural cycle. After the production highly hit last year, it is now in recovery phase,” President Director of TAPG, Tjandra Karya Hermanto said, as in the official statement, Monday, (1/5/2023).

In the first quarter of 2023, FFB production of TAPG and its associates reached 619.000 tons. The numbers got lower up to 12 percent compared to the same period last year within yield about 4,7 tons/hectare and the average tress at about 12,9 years old.

CPO selling price got cheaper up to 17 percent compared to the previous year. PKO selling price significantly got cheaper 53 percent. (T2)