PALMOILMAGAZINE, JAKARTA – PT Dharma Satya Nusantara Tbk (DSNG) convened its Annual General Meeting of Shareholders (AGM) for the 2024 fiscal year at Harris Hotel & Conventions Kelapa Gading, Jakarta. During the meeting, the management reported that the company achieved solid business growth despite ongoing global challenges throughout 2024.
The AGM was attended by all members of the Board of Directors and Board of Commissioners, both in person and virtually. A total of 9.97 billion shares were represented at the meeting, accounting for approximately 94.03% of the company’s total issued shares. The session was chaired by DSNG’s President Commissioner, Adi Resanata Somadi Halim.
All items on the agenda were approved by shareholders, including the distribution of IDR 254 billion in cash dividends, equivalent to IDR 24 per share.
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DSNG President Director, Andrianto Oetomo, noted that 2024 was marked by a range of global headwinds affecting the palm oil and wood products sectors. These included weakening export markets, increasing sustainability demands, domestic political dynamics, as well as growing regulatory and climate-related pressures.
“Despite the complex global and national landscape, DSNG remains committed to maintaining business stability while continuing to deliver value to shareholders and stakeholders alike,” Andrianto stated in a release received by Agricom.id.
To navigate these challenges, DSNG adopted a dual business strategy of “Exploitation and Exploration.” The exploitation approach focuses on strengthening core operations through efficiency and operational excellence, while exploration aims to develop new growth opportunities aligned with the company’s sustainability vision—such as plantation replanting initiatives and biomass product development from agricultural waste.
In 2024, DSNG recorded revenue of IDR 10.12 trillion, up 6.5% from the previous year. The growth was primarily driven by a 12.3% increase in the company’s average selling price of crude palm oil (CPO), despite a 9% year-on-year decline in CPO production to 602,000 tons due to the extended impact of the El Niño phenomenon from the second half of 2023 through early 2024. The palm oil segment remained DSNG’s main revenue contributor, accounting for 87% of total revenue.
The AGM also approved the 2024 Annual Report and the Supervisory Report from the Board of Commissioners for the fiscal year ending December 31, 2024. (P3)
