InfoSAWIT, JAKARTA – Palm oil, wood, and renewable energy company, PT Dharma Satya Nusantara Tbk (DSNG) got the profits up to Rp 868 billion in the third quarter of 2024, or increased 72% year on year (YoY). It happened for the increasing sale up to 9% YoY that reached Rp 7,2 trillion, from Rp 6,6 trillion and the cheaper fertilizers that had something to the production costs. The biggest contribution to the income of DSNG derived from palm oil sector that reached about 86%.
Earnings before interest, tax, depreciation and amortization (EBITDA) of the company got escalated 34% YoY, or about Rp 2,1 trillion. It had something to do with the average selling price (ASP) of some main products that DSNG operated. Crude palm oil (CPO) price got increased 8% to be Rp 12.421 per kilogram and palm kernel (PK) did too 28,2% to be Rp 6.559 per kilogram. Palm kernel oil (PKO) did increase 22,2% to be Rp 16.014 per kilogram.
Wood product did show the positive or increased the income up to 13,2% YoY with the sale up to Rp 503 billion. It happened for the increasing selling volume that the its competitor left because of economic pressure globally.
Director of DSNG, Andrianto Oetomo said that the company would do the best to optimize the productivity by efficiency. “We keep on focusing to increase the productivity and implement good governance to control the production costs. By the late of 202e, we did palm oil plantation replanting program that laid on about 675 hectares and replanted for about 500 hectares to confirm that our plantations would be in the good age,” he said in the official statement, as InfoSAWIT quoted, Thursday (31/10/2024).
Besides palm oil and wood sectors, DSNG got the income from the renewable energy by shilling palm kernel shell that reached Rp 162 billion. It was exported to Japane with the support from Erex Singapore Pte. Ltd., and the third quarter of 2024, DSNG exported 84 thousand tons of palm kernel shell.
By the achievement, DSNG would reinforce its position in plantation and green products and show its capability to take advantages on the markets in the economic fluctuation globally. (T2)
