InfoSAWIT, JAKARTA – PT Sawit Sumbermas Sarana Tbk (SSMS) announced the significant increasing profit reaching Rp787,1 billion, or increased 33,7% compared to last year profits in the same period in previous year (year-on-year/YoY).
According to the company, the increasing profits mostly derived from the selling, reaching 19% to be Rp3,24 billion. The company also maintained gross margin, operational margin, and net margin in the good level, reaching at 53,2%, 36,6%, and 24,3% for each. Everything surpassed the targets in 2016. SSMS also got increasing total asset, 34,4% and 17,3% of the total increasing equity.
“The good work of SSMS continued in the first quarter in 2018. We produced 348.149 tons of fresh fruit bunch (FFB) or increased 20% compared to the first quarter in 2017. The crude palm oil and palm kernel also increased 23% and 27% for each from last year,” Chief Financial Officer SSMS, Nicholas Justin White, said in the official statement to InfoSAWIT, Thursday (26/4/2018).
He continued, the consistency helped the company to get the investors’ trust. “It is reflected from the oversubscription of the global obligationin SSMS up to four times, reaching US$300 million," he said. (T2)