Financial Performance Strengthens To Be The Best Gift Of PTPN V

Net profit (Photo: Antara)

JAKARTA - PT Perkebunan Nusantara (PTPN) V recorded the highest increase in net profit in 2022 of IDR 1.52 trillion. This is the most beautiful gift for 27-year-old PTPN V.

PTPN V Jatmiko CEO K Santosa in Pekanbaru, Sunday, said overall, the company recorded revenues of IDR 8.46 trillion or beyond the company's work plan and budget (RKAP) of 116.89 percent. In terms of assets, there was also an increase of IDR 12.26 trillion or 111.67 percent of the set RKAP.

The company's positive performance was supported by increased operational performance, starting from an increase in the production of fresh fruit bunches (FFB) which reached 2.65 million tons, crude palm oil or CPO production 578 thousand tons with a CPO productivity of 5.6 tons per hectare, and FFB productivity of 24.05 tons per hectare.

Jatmiko explained that the positive record made the subsidiary of the Nusantara III Persero Plantation holding company operating in Bumi Lancang Kuning, Riau Province, breaking the record for the highest financial performance record in history for three consecutive years.

"On this auspicious occasion. I represent the commissioners and management to express my deepest gratitude to all brothers and sisters who tirelessly oversee and carry out this transformation very well.

"Alhamdulillah, this proud financial performance is a beautiful gift for the company," he said.

The company's brilliant performance is actually not the first time PTPN V has achieved it. Two years earlier, the company also managed to achieve the highest profit in a row. Starting in 2020 it was IDR 417 billion, an increase of 620 percent compared to the previous year which only amounted to IDR 67.2 billion.

This financial performance led the company to achieve the highest revenue in history for the first time at that time.

Furthermore, in 2021 the company again surpassed the previous achievement with the first highest profit above one trillion rupiah of Rp1.3 trillion. This achievement is clearly an honor given the uncertain economic situation due to the impact of the COVID-19 pandemic.