PALMOILMAGAZINE, JAKARTA – PT Dharma Satya Nusantara Tbk (DSNG), a company focused on palm oil, wood, and renewable energy, reported a profit of Rp 868 billion in the third quarter of 2024, marking a 72% year-on-year (YoY) increase.
This growth was driven by a 9% YoY increase in sales, reaching Rp 7.2 trillion, up from Rp 6.6 trillion, alongside reduced fertilizer costs that contributed to lower production expenses. The palm oil sector was the largest contributor to DSNG’s revenue, accounting for about 86% of total income.
The company also saw a 34% YoY increase in earnings before interest, tax, depreciation, and amortization (EBITDA), reaching approximately Rp 2.1 trillion. This was due to higher average selling prices (ASP) for key products, including a 8% increase in crude palm oil (CPO) to Rp 12,421 per kilogram, a 28.2% rise in palm kernel (PK) to Rp 6,559 per kilogram, and a 22.2% increase in palm kernel oil (PKO) to Rp 16,014 per kilogram.
Additionally, DSNG’s wood products segment saw a 13.2% YoY increase in sales, reaching Rp 503 billion, driven by higher sales volumes as some competitors struggled with global economic pressures.
Andrianto Oetomo, Director of DSNG, stated that the company will continue to optimize productivity through efficiency measures. “We remain focused on increasing productivity and implementing good governance to control production costs. By the end of 2024, we had completed a palm oil plantation replanting program covering approximately 675 hectares, with 500 hectares replanted, ensuring our plantations remain in optimal condition,” he said in an official statement, as quoted by Palmoilmagazine.com on Thursday (31/10/2024).
Besides palm oil and wood sectors, DSNG got the income from the renewable energy by shilling palm kernel shell that reached Rp 162 billion. It was exported to Japane with the support from Erex Singapore Pte. Ltd., and the third quarter of 2024, DSNG exported 84 thousand tons of palm kernel shell.
By the achievement, DSNG would reinforce its position in plantation and green products and show its capability to take advantages on the markets in the economic fluctuation globally. (P2)
