In 2020, Astra Agro Recorded Net Profit of IDR 833.1 Billion
Jakarta, April 14, 2021: In 2020, PT Astra Agro Lestari Tbk recorded a net profit of IDR 833.1 billion. The increase was supported by the Company’s revenue which rose from Rp. 17.45 trillion in 2019 to 18.8 trillion in 2020 or an increase of 7.8%.
“One of the factors that support of our financial performance was the improvement of CPO price in the second half of 2020, “said President Director of PT Astra Agro Lestari Tbk, Santosa, in a Public Expose after the Annual General Meeting of Shareholders (AGMS) which was held virtually, April 14, 2021.
Compared to the previous period, the average selling price of the Company’s CPO (crude palm oil) in 2020 has increased from IDR 6,689 per kilogram in 2019 to IDR 8,545 per kilogram in 2020.
Meanwhile, sales of palm oil and its derivatives have decreased by 13.6%, from 2.3 million tonnes in 2019 to 2 million tonnes in 2020.
On the production side, the production of fresh fruit bunches (FFB) decreased by 7.7%, from 5 million tonnes in 2019 to 4.6 million tonnes in 2020. CPO production also decreased from 1.6 million tonnes in 2019 to 1.4 million tonnes in 2020, or decreased 13.6%. The olein production also decreased 6.9% and kernels decreased fell 12.6%.
Apart from the CPO price factor, the Company also made various efforts to improve operational cost efficiency so that the Company’s profit increased significantly.
The implementation of strict health protocols in the plantation and our head office as well as the digitization program that has been implemented in the last four years ensures that the Company’s operations run effectively. This proof the strategy of the company in developing digital technology in recent years has generated good results.
“Pandemics, which generally disrupt business a lot, have little impact on the Company,” said Santosa.
Therefore, according to Santosa, in the coming years, Astra Agro will continue and develop its digitization program. Innovations in technology are very important to face future challenges.
At the AGMS, Astra Agro also announced the following members of the Company’s Board of Commissioners and Board of Directors:
Board of Commissioners
President Commissioner: Chiew Sin Cheok
Commissioner: Johannes Loman
Independent Commissioner: Sidharta Utama
Independent Commissioner: Aridono Sukmanto
President Director: Santosa
Director: Mario Casimirus Surung Gultom
Director: M. Hadi Sugeng Wahyudiono
Director: Rujito Purnomo
Director: Nico Tahir
Director: Said Fakhrullazi
Director: Eko Prasetyo