JAKARTA - PT Dharma Satya Nusantara Tbk (DSNG) estimates that its revenue and profit performance will grow by around 6% at the end of this year compared to the same period last year. In 2022, the issuer's revenue and profit will be recorded at IDR 9.63 trillion and IDR 1.20 trillion, respectively.

Jenti Widjaja, Chief Financial Officer (CFO) of PT Dharma Satya Nusantara Tbk (DSNG) said that the growth projection until the end of the year is driven by performance in the fourth quarter which is relatively stable compared to the third quarter of 2023. "Performance in the fourth quarter will be the same as the third quarter, so it is estimated that the revenue is slightly higher than last year," she said in an interview with IDNFinancials, Thursday (4/12).

In the nine month period of 2023, this issuer recorded revenue of IDR 6.56 trillion, lower than the same period in 2022 of IDR 6.58 trillion. Sales volume of crude palm oil (CPO) was 456,500 tons, palm kernel (PK) 19,100 tons, palm kernel oil (PKO) 27,000 tons. The sales volume for wood panels was 71,600 m3 and engineered floors 554.6 m2.

According to her, the increase in revenue at the end of this year will be influenced by the increase in sales volume and average selling price of CPO. Throughout this year, for example, the average CPO selling price rose 3.92% to IDR 11,500 per kg from IDR 11,070 per kg. However, the average selling price of other commodities, including PK, PKO, panels and engineered floors, was corrected compared to last year. (LK/LM)