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Cisadane Sawit scored IDR 103.41 billion in Q1 2022

24 May 2022 14:18

JAKARTA – PT Cisadane Sawit Raya Tbk (CSRA) collected a net profit of IDR 103.41 billion in Q1 2022, proliferating 149.9% from the number reported in same period in 2021 of IDR 41.38 billion. This massive jump was driven by the increased sales following the crude palm oil (CPO) price surge at the beginning of this year.

In the press release quoted Tuesday (24/5), Seman Sendjaja, Director of Finance and Strategic Development of CSRA, added that on top of the CPO price surge, profit growth resulted from the strategic development initiatives. “The company focuses on maintaining the efficiency of operational activities, boosting the revenue growth, managing profit effectively, and controlling costs,” he explained in detail.

The revenue in Q1 2022 shifted 44.9% to IDR 254.9 billion from IDR 175.9 billion in Q1 2021. Its gross profit also soared 102.1% year-on-year (yoy) from IDR 85.4 billion to IDR 172.5 billion, while the operating profit exponentially increased 130.1% from IDR 62.2 billion to IDR 143.2 billion.

The fresh fruit bunch production rate was at 4.2 tons per hectare, slightly down from 4.6 tons per hectare in Q1 2021. “The company is committed to solidifying the operational activities by establishing more efficient productivity and operation,” Sendjaja added. (LK/ZH)

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