Net Revenue of Sumbermas Sarana Sarana increased by 120.3 percent

By : Hariyanto And Aldo Bella Putra | Thursday, December 28 2017 - 20:00 IWST

PT Sawit Sumbermas Sarana Tbk (SSMS)
PT Sawit Sumbermas Sarana Tbk (SSMS)

INDUSTRY.co.id - Jakarta - PT Sawit Sumbermas Sarana Tbk (SMSS) booked a net income increase of Rp631.5 billion in the third quarter of this year or an increase of 120.3% compared to the same period a year earlier.

"The increase is driven by significant increases in palm oil production up to September 2017. SSMS net revenue rose 120.3% year-on-year to Rp631.5 billion as of September 2017," SSMS Chief Financial Officer Nicholas Whittle said at a public event expose in Jakarta, Thursday (28/12/2017).

In line with these achievements, SSMS has posted sales of Rp2.4 trillion, up 36.9% from the same period last year. Meanwhile, the gross margin, operating margin and net margin are at a healthy level of 54.2%, 36.9% and 26.5% respectively.

"We have a better margin of revenue; the growth of SSMS is driven by plantation profits consisting mostly of young palm trees with high growth rates." In September 2017, SSMS had an average yield of Fresh Fruit Bunches (TBS) 14, 6 SSMS or above the industry average of 13.5 MT per hectare, "said Whittle.

In addition, SMSS also noted, the number of high CPO production amounted to 262,356 MT per last September. That number increased 36.5% on an annual basis with the use of palm oil mill by 56%.

"Thus we are optimistic to help meet the global demand for crude palm oil, largely driven by increasing demand for food in Asia, especially China and India and the jump in biodiesel," Whittle said.

News Comment

Today's Industry

Ilustration Asia-Pacific’s First and Largest Collaborative Robots Virtual Expo (Photo by Universal Robots)

Selasa, 22 September 2020 - 17:00 WIB

Universal Robots Hosts First Virtual Collaborative Robots Exhibition & Conference in Asia-Pacific

Gain actionable insights on flexible and cost-effective automation solutions addressing post-pandemic ROI and safety challenges for small & medium businesses.

Published BSIMM11, The Latest Version of The BSIMM (Photo by EEJournal)

Senin, 21 September 2020 - 18:30 WIB

Synopsys Publishes BSIMM11 Study Highlighting Fundamental Shifts in Software Security

BSIMM11 reflects the software security practices observed across 130 firms from multiple industry verticals including financial services, FinTech, independent software vendors, cloud, health…

New Cloud-Based Technology That Delivers Secure Remote Access (Photo by News Break)

Senin, 21 September 2020 - 17:15 WIB

Check Point Software Technologies Redefines Secure Remote Access for Enterprises

This technology will integrate with Check Point´s Infinity architecture, and become the easiest and most secure solution for enterprises need to enable employees´ secure remote access to any…

Spider Charts by Noting The Highest-Level Activity Observed for Each Practice BSIMM Participant

Senin, 21 September 2020 - 16:30 WIB

BSIMM11 and Industry Verticals: Regulated Industries (Financial services, healthcare, insurance)

The resulting spider chart plots these values on 12 spokes corresponding to the 12 practices.

Vaccine Covax-19

Kamis, 03 September 2020 - 16:05 WIB

$1m for Covax-19 vaccine work

The $1 million grant is one of 13 early stage biomedical projects to receive funding through the Federal Government’s Biomedical Translation Bridge (BTB) program, part of Australia’s landmark…