Sawit Sumbermas targets 25% growth in revenue this year
JAKARTA. The management of PT Sawit Sumbermas Sarana Tbk (SSMS) targets revenue in 2021 to be around IDR 4 trillion, or 25% higher than the realization of revenue in 2019.
Director of Finance at Sawit Sumbermas Sarana Hartono Jap is confident that the revenue target will be achieved due to the upward trend in the global average selling price of CPO, which has increased since the third quarter of 2020. Meanwhile, net profit realization in 2020 amounted to IDR 400 billion, an increase compared to 2019 which amounted to IDR 12 billion.
To support this year's performance target, said Hartono, SSMS will implement best practices that spur sustainable financial and operational performance (sustainability) and put into practice the principles of the sustainable palm oil industry. (AM/LM)