InfoSAWIT, JAKARTA – The net sale in the first quarter 2023 increased year on year to be Rp 17,52 trillion. The numbers were from the higher sale, balanced the lower sale price.

The sale basic cost for the past three period which ended on 31 March 2023 increased 10% to be Rp 15,66 trillion from Rp 14,24 trillion in 2022 at the same period. The increasing happened for more expensive material costs as same as the increasing sale and fertilizer costs which got more expensive too.

Eventually they delivered impact to business profits in this quarter which got decreasing 63% to be Rp 474 billion for the decreasing gross profits. Some were balanced by the decreasing business burdens. The decreasing business burden mostly happened for the decreasing export tax and levy.

As InfoSAWIT quoted from the company’s report per quarter, as same as the decreasing business profit, the company got decreasing EBITDA to be Rp 1,01 trillion from Rp 1,73 trillion in the first quarter 2022. “It means, the net profits which was attributed to the main stakeholders became Rp 248 billion, which means, it is only Rp 86 per share,” the company reported.

Meanwhile per 31 March 2023, the total assets of the company did decrease 6% to be Rp 39,94 trillion from Rp 42,60 trillion by the late of 2022. It mostly happened for the decreasing debts of the company, cash and cash equivalent. The total liability by the late of March 2023 reached Rp 20,52 trillion, decreased 12% compared to the late of 2022. It mostly happened for the debt payback and obligation debt.

Per 31 March 2023, the bank loan (including obligation debt) reached Rp 15,61 trillion for the further decreasing gearing to be 0,81x. Total equity that can be distributed to the company’s owner increased to be Rp 19,41 trillion per 31 March 2023, from Rp 19,23 trillion by the late of 2022. (T2)