Second Quarter, DSNG FFB Production Increased 22%

Second Quarter, DSNG FFB Production Increased 22%

Palmoilmagazine, Akbar, Sawitfest 2021

Palmoilmagazine, JAKARTA –The report of palm oil and wood plantation company. PT Dharma Satya Nusantara Tbk (DSNG) in the second quarter of 2022, noted that its fresh fruit bunch (FFB) production showed recovery trend. It was seen from the end of 24 month – continuous impact of el – nino in East Kalimantan Province in the first quarter of 2022.

It was also known by the significant increasing FFB production in the second quarter of 2022 compared to those in the first quarter of the same year, reaching 22% (quarter on quarter/QoQ). June 2022 FFB production surpassed June 2021 production.

In the first semester of 2022, DSNG got earning before interest, taxes, depreciation, and amortization (EBITDA) up to Rp 1,2 billion or increased 47% compared to the same period in last year with EBITDA margin up to 31% from 25% in the first semester last year.

Besides palm oil, the wood sectors in DSNG delivered the positive by having the increasing volume sales or average selling price as many importer countries get better economy, particularly the United States of America, Canada, and Japan which become the main wood exporters from DSNG. (T2)

 

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