CPO Prices Rise, ANJ Net Profit Increases 261.9% in Q1-2022

CPO Prices Rise, ANJ Net Profit Increases 261.9% in Q1-2022

PalmOilMagazine, JAKARTA – Palm oil plantation and agribusiness company, PT Austindo Nusantara Jaya Tbk (ANJ) announced the operational and financial work in 2022 by getting net profits up to US$ 11 million or increased 261,9% compared to the same period in 2021.

The significant increasing net profits happened for the better crude palm oil (CPO) and palm kernel oil (PKO) average selling price. These two delivered earnings before interest, taxes, depreciation, and amortization (EBITDA) increased from US$ 12,9 million to be US$23,7 million in 2022 within the margin from 21,9% to be 31,4%.

In the first quarter of 2022, ANJ produced fresh fruit bunch (FFB) up to 173.339 metric tons (MT). The new plantations in West Papua start commercially producing in 202o and delivered 15% of the total production within the increasing production almost 40% compared to the same period in 2021.

Based on the field survey to the fruit potential, FFB production in North Sumatera II and West Kalimantan would be increasing in the next months in 2022. “To get the positive progress for years to go, we would prioritize profile balance on our plantations by maintaining profits and cash flow through the replanting namely in Pulau Belitung and North Sumatera I,” Director of ANJ, Lucas Kurniawan as in the official statement to Palmoilmagazine.

He also mentioned, ANJ’s successful first quarter 2022 achievement was also supported by the increasing income from sago flour, frozen and fresh edamame selling which also increased up to 78% and 175% for each. The selling volume increased compared to last year selling.

Lucas also said that the 2022 first quarter positive work happened for what ANJ has fundamentally developed the strong sustainability aspects and implemented environment, social, and governance (ESG) consistently.

“Since 2012 ANJ has been doing some climate change mitigations to get integrated ESG with the business strategies and to minimize climate change risk impact. Besides, ANJ just accomplished road map to get net – zero carbon that the target would be realized in 2030,” Lucas said. (T2)

 

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