InfoSAWIT, JAKARTA - PT Cisadane Sawit Raya Tbk (CSRA) got income about Rp 184,15 billion in the first quarter of 2023 (1Q23) or decreased 27,7% compared to 1Q22. The decreasing numbers took place in fresh fruit bunch (FFB) sale that reached Rp 101,48 billion, CPO sale about Rp 73,49 billion and kernel sale about Rp 9,18 billion.

This made the business profits of the company reach Rp 46,7 billion or decreased 25,4% or 31 point-base compared to 1Q22. The company keeps monitoring its long-term strategies to maintain sustainable one by having efficient operational and it is successfully useful. CPO price is limited enough in this year.

But the positive effect from the increasing productivity and goo plans helped to balance the low numbers of ASP and escalate its performance. “In the future the company predicts the consistent increasing production as same as the ideal and prime plantation profiles. It needs to know that 70% of productive trees are less than 18 years,” Director of Finance and Strategic Development, CSRA, Seman Sendjaja said, as in the official statement to InfoSAWIT, Monday (22/5/2023).

In 1Q23, FFB productivity reached 3,9 tons/hectare (ha) of lower than it in 1Q22 at 4,2 tons/ha. OER also decreased from 20,4% in 1Q22 to be 20,3% in 1Q23 and KER increased from 5,1% in 1Q22 to be 5,2% in 1Q23.

“The production could be significantly increasing in 3Q23 to cover up the low production in 1Q23. Management convinced that CSRA is accelerating its business in full speed and could be successful,” Seman said. (T2)