Soaring 130%, Plantation Holding's Achieves Rp 478 Billion Net Profit

According to him, profits came from increased sales, increased productivity of plantation commodities, and successful efficiency programs in all business lines. Dasuki Amsir explained that Holding Perkebunan Nusantara's sales from January to August 2017 increased by 9% to Rp21.16 trillion compared to the same period in 2016, which was Rp19.5 trillion. "Throughout 2016, the transformation program that was executed by Holding Perkebunan Nusantara went according to plan. The management is confident that the improved performance will continue until the end of 2017," he said. The increased confidence is supported by the continued improvement of the profit trend since the beginning of the year. Dasuki added that the improved performance in Holding Perkebunan Nusantara's subsidiaries also improved from month to month, which proved that the transformation program had a positive impact and had already been implemented across all of PTPN. With the positive performance achievements during the January-August 2017 period, Dasuki was optimistic that Holding Perkebunan Nusantara's management could achieve the target that had been set out in the Company’s Work Budget Plan (RKAP) for 2017. "By continuing to implement the 'corporate turnaround' strategy and maintaining performance during the rest of 2017, we are optimistic that the RKAP 2017 target can be achieved," he said. He acknowledged that management was still focused on increasing productivity and increasing efficiency in all lines to achieve an efficient and consistent production price. With that step, a decline in commodity prices will not have a significant effect on the company’s financial performance. Dasuki said that Holding Perkebunan was implementing efficiency in various lines by paying attention to the company’s cost structure. One of the forms of efficiency was fertilizer procurement by Holding, which was believed to be able to lower prices and prevent waste. Meanwhile, to improve productivity in carrying out operations, management ensures that management and processes run well according to the SOP, starting from planting, maintenance, fertilization, harvesting, and transportation to the processing plant. "Admittedly, to achieve this target, IT development support is needed to provide more accurate data to control productivity, efficiency, and make better decisions," said Dasuki. As much as 90% of the shares in PTPN I to PTPN XIV are owned by Holding Perkebunan Nusantara, and the remaining 10% are owned by the government. Holding Perkebunan Nusantara's business scope includes cultivation, production, trade, business development in the plantation sector, agro-tourism, agro-business, agro-industry, agro-forestry, and other businesses with total assets of around Rp113 trillion as of April 2017. The commodities managed on 1.18 million hectares of land are oil palm, rubber, sugar, tea, coffee, cocoa, tobacco, various types of wood, fruits, and various other plants. Since May 2016, Holding Perkebunan Nusantara has continued to make improvements by implementing and accelerating the Turnaround program to increase the health and performance of subsidiaries PTPN I to PTPN XIV with an honest, sincere, and dedicated culture.   Source: https://economy.okezone.com