DSNG profit jumps 35.6% amid El Nino challenges
JAKARTA – PT Dharma Satya Nusantara Tbk (DSNG) recorded a significant increase in net profit in 2024, reaching IDR 1.1 trillion, up 35.6% year-on-year (yoy) from IDR 841.7 billion the previous year.
This success was driven by a combination of operational efficiency strategies and sales growth of 6.5% yoy to IDR 10.1 trillion from the previous year’s IDR 9.49 trillion.
The most substantial efficiency came from a reduction in operational costs, particularly due to lower fertiliser prices in the palm oil segment, which is the backbone of DSNG’s business, contributing 87% of its revenue.
DSNG’s sales increase was driven by a rise in the average selling price (ASP) of crude palm oil (CPO). The key factor supporting the ASP growth was reduced production output due to weather challenges, along with increased domestic demand, including from the implementation of the B-35 biodiesel programme.
Andrianto Oetomo, President Director of DSNG, stated that 2024 was a challenging period for the palm oil plantation industry.
“The El Nino phenomenon, which occurred from June 2023 to April 2024, affected palm oil plantation productivity in 2024, leading to a decline in CPO production. However, this situation drove ASP up due to reduced CPO supply,” Andrianto said in an official statement on Thursday (27/2). (EF/ZH)
| DSNG profit jumps 35.6% amid El Nino challenges JAKARTA – PT Dharma Satya Nusantara Tbk (DSNG) recorded a significant increase in net profit in 2024, reaching IDR 1.1 trillion, up 35.6% year-on-year (yoy) from IDR 841.7 billion the previous year. This success was driven by a combination of operational efficiency strategies and sales growth of 6.5% yoy to IDR 10.1 trillion from the previous year’s IDR 9.49 trillion. The most substantial efficiency came from a reduction in operational costs, particularly due to lower fertiliser prices in the palm oil segment, which is the backbone of DSNG’s business, contributing 87% of its revenue. DSNG’s sales increase was driven by a rise in the average selling price (ASP) of crude palm oil (CPO). The key factor supporting the ASP growth was reduced production output due to weather challenges, along with increased domestic demand, including from the implementation of the B-35 biodiesel programme. Andrianto Oetomo, President Director of DSNG, stated that 2024 was a challenging period for the palm oil plantation industry. “The El Nino phenomenon, which occurred from June 2023 to April 2024, affected palm oil plantation productivity in 2024, leading to a decline in CPO production. However, this situation pushed up ASP due to the reduced CPO supply,” Andrianto said in an official statement on Thursday (27/2). (EF) |