InfoSAWIT, JAKARTA - PT Austindo Nusantara Jaya Tbk., (ANJT) got increasing income in the second quarter of 2023 that reached 25,6% or US$ 63,9 million compared to the first quarter of 2023 that reached US$ 50,9 million.

The increasing income happened for crude palm oil (CPO), palm kernel (PK), and palm kernel oil (PKO) trade that increased in this period. By the performance, ANJ minimized net loss significantly that reached 72,4% quarter to quarter to be US$ 1,1 million in the second quarter of 2023 compared to US$ 3,9 million in the previous quarter.

Director of Finance, ANJ, Nopri Pitoy said the second period of 2023 financial and operational performances in ANJ got better by having increasing fresh fruit bunch (FFB) production. “We predict the positive production since in the beginning of this year would go on and increase in the second semester this year. The plantations would get peak production in the third quarter and the productive plantations get wider,” Nopri said, as in the official statement to InfoSAWIT, Tuesday, (1/8/2023).

The increasing production is the same with balance strategy of the plantation ages through replanting program that ANJ massively has done in the past few years. “As the result of our commitment, we have done replanting program in North Sumatera and Belitung Island, developed infrastructures in Southwest Papua. We know the positive trend is on the track to get new achievement in FFB production in 2025, just the same with the corporate’s targets,” Nopri said.

He continued, cheaper CPO selling price in the second quarter of 2023 that reached up to the lowest level since November 2020 is the impact of our FFB production that got higher and other vegetable oil that gets cheaper  when economic recession would happen globally and other vegetable oil production, such as, soyoil, would be increasing.

These led our total income decreased by the late of June 2023 to be US$ 114,8 million, or decreased 20,4% compared to the same period last year,” Nopri said. (T2)