JAKARTA – PT Cisadane Sawit Raya Tbk (CSRA) recorded a net profit of IDR 214.85 billion in 2024, a 47.02% increase from 2023. The profit growth aligns with a 21.82% rise in revenue.

According to the 2024 Financial Report published on Friday (21/3), CSRA reported sales of IDR 1.06 trillion, up from IDR 875.51 billion. The largest contributor to revenue was palm oil product sales, while the highest growth percentage came from palm kernel products.

Palm oil product sales reached IDR 716.58 billion, up 29.66% from IDR 513.05 billion; palm kernel products soared 75.01% to IDR 98.37 billion from IDR 56.21 billion; and Fresh Fruit Bunches (FFB) sales fell 17.77% to IDR 251.80 billion from IDR 306.24 billion.

Gross profit was recorded at IDR 483.86 billion, up 21.09% from IDR 399.58 billion, though the gross profit margin slightly declined to 45.30% from 45.6%. Profit before tax rose 45.88% to IDR 289.68 billion from IDR 198.57 million, while the profit for the year grew 47.02% to IDR 214.85 billion from IDR 146.13 billion. (LK/ZH)