The Profits of DSNG in the Q2 2020 Increased 163%

The Profits of DSNG in the Q2 2020 Increased 163%

InfoSAWIT, JAKARTA – PT. Dharma Satya Nusantara Tbk., (Perseroan DSNG) hit the targets by getting the profits in the second quarter of 2020 reaching Rp 180 billion, increased 163% compared to the same period in last year. It happened for the increasing palm oil products and the crude palm oil (CPO) selling price of the company.

In the first semester this year, the company got the selling up to Rp 3,15 billion, increased 22% compared in last year. Of the numbers, the palm oil selling reached Rp 2,66 billion or contributed about 84%.

The palm oil selling increased 26% compared to the same period last year because of the average increasing CPO selling price for about 23% to be Rp 7,8 million per ton compared to the first semester last year which was Rp 6,4 million per ton.

Director of DSNG, Andrianto Oetomo said that the CPO price got better in this year though it was cheap for some time because of the abundant stocks in Indonesia and Malaysia.

“Compared to last year, the CPO average price in the first semester this year got better though the CPO was significantly cheap in the second quarter of 2020 because of the decreasing demands and the corona virus (Covid-19) pandemic in some countries. But we are optimist that CPO price would be better until the end of this year as same as the economic activity that starts running in some countries after the lockdown policy in the second quarter,” Andrianto Oetomo said, as in the official statement to InfoSAWIT recently.

Besides the strong commitment from the government of Indonesia in developing the biodiesel mandatory program, and the success of PT. Pertamina to increase the biodiesel mixture using palm oil up to 100% (D100) would be the chance to increase the CPO demands in the domestic and could increase the CPO price.

In the first semester 2020, the company got earning before interest, taxes, depreciation, and amortization (EBITDA) reaching Rp 690 billion, increased 20% compared to the same period in last year within the margin for about 22%, or relatively the same with the margin of EBITDA in the first semester last year.

In the operational, in the first semester 2020, the CPO production of the company reached 312 thousand tons, increased 19% compared to the same period in last year. The company also increased the operational of its factories by producing oil extraction rate (OER) up to 24,09% compared to last year OER which reached 22,99%.

The profits from the wood products in the first semester 2020 were better than those in the first semester 2019 though the selling was not as good as it in the second quarter in this year because of Covid-19 pandemic in the exporter countries.

The selling volume of panel products decreased 15% in the second quarter of 2020 (Q2-2020) compared to Q1-2020 though the selling volume cumulatively got better up to 6% in the first semester of 2020 compared to the previous period because of the increasing selling volume in the first quarter of 2020.

But the engineered flooring products were not good because of Covid-19. It was known by the decreasing selling volume up to 32% in the second quarter of 2020 though the selling volume cumulatively decreased 7% in the first semester in this year. (T2)


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