PTPN III Holding Plantation Director, Dasuki Amsir, explained that in the midst of rising commodity prices, up until April 2017, the company had also recorded a sales increase of Rp 11.2 trillion or a 35% growth compared to the same period in 2016 at Rp 8.3 trillion. The sales increase was supported by a 19% increase in the plantation's own Crude Palm Oil (CPO) productivity and a 5% increase in dry rubber compared to the same period last year. "So the consolidated net profit of Rp 488 billion was not only a result of the increase in commodity prices, but also from our performance improvement evaluation due to changes in work culture and efficiency in operations both on and off the farm," Dasuki told the media during the Breaking the Fast event in Jakarta, Monday (6/5). He added that from the operational management improvement side, the company was also able to record a net operating cash flow of Rp 1.5 trillion or an increase of 373% compared to the same period in 2016 at Rp 327 billion. Meanwhile, the company's income margin before tax, interest, depreciation and amortization (EBITDA), which is the fundamental factor of financial performance, has improved and become more stable. This is reflected in the fact that up until April 2017, the Company's EBITDA had increased by 182% or Rp 2.5 trillion compared to the same period in 2016 of Rp 871 billion. Dasuki explained that the improvement in financial performance had also increased, alongside the return of trust from banks. This was also reflected in financial indications which at the beginning of the year had already shown good results. "Programs and the turn around strategy are still being implemented because the impact has been quite visible in the continuously improving financial performance," he said. Company Focus This year, the Company will focus on increasing productivity and implementing efficiency in order to achieve an efficient and consistent production price so that any decrease in commodity prices will not significantly affect financial performance. Dasuki said that the Plantation Holding must implement efficiency in various lines by paying attention to the company's cost structure. One of the forms of efficiency includes the procurement of fertilizer by the Plantation Holding, which is believed to be able to reduce prices more efficiently and competitively, as well as monitoring fertilizer usage in accordance with requirements. Meanwhile, to increase productivity in running operations, management ensures that management and processes run in accordance with SOPs, starting from planting techniques, maintenance, fertilization, harvesting to transportation to processing plants. "In order to achieve this target, the development of IT support is needed so that data is accurate for monitoring productivity and efficiency and for decision making," said Dasuki. The Plantation Holding is currently working with PT Telkom Indonesia, Tbk and is pursuing the implementation of Enterprise Resources Planning (ERP) - SAP as part of the implementation of IT in all of the subsidiaries of the Plantation Holding, PT Perkebunan Nusantara III (Persero). Dasuki said that in the near future, his team will create an internal ranking system for subsidiaries. The goal is to have all subsidiaries consisting of PTPN I, II, IV to XIV compete in improving performance and the company's revenue target, and if things run smoothly, a competition with private plantation companies will be held. http://www.neraca.co.id/article/85939/laba-ptpn-iii-melejit-181
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