PalmOilMagazine, JAKARTA – From the profitability, Cisadane Sawit Raya (CSRA) from the top to bottom lines remains positive with the significant increasing. The gross profits of CSRA in the first quarter (Q1) 2021 reached Rp 85,4 billion, increased 28,8% compared to Q1 2020, with the increasing margin of gross profits about 3 ppts to be 48,5% in Q1 2021 from 45,5% in Q1 2020.
It had something to do with the cost management which remained well and the cost of sold could be minimized, only increased 14,2% year on year (YoY) when double digit selling did soar. The efficient operation also created the business profits in Q1 2021 to be Rp 65,2 billion, better 44,6% compared to the same quarter in the previous year which reached 37,1%, or increased 6,2 ppts compared to the same period in last year.
The operational impacted to the net profits in Q1 2021 which increased to be Rp 41,4 billion, or increased more than 20% YoY. In a whole, the profitable achievement reflected the solid innovation strategies.
The total asset by 31 March 2021 was Rp 1,40 triliun. The current asset in Q1 2021 increased 2,6% compared to the end of 2020 with the biggest increasing of cash, cash equivalent, and business debt, equal to the increasing selling and biological asset which are the productive assets in the industry as same as the increasing selling.
The current asset in Q1 2021 slightly increased compared to FY2, the same with the productive plantation portion. The total liability in 3M21 was closed about Rp 795,2 billion, decreased 3,8% compared to the end of 2020, as same as with the interest debt payment.
The company had Rp 613,6 billion by 31 March 2021, increased 7,2% compared to the end of 2020 because the increasing profits should be held up on the net profits in this period. The company would maintain the good capital bases to support long term business expansion. (T2)