PT Cisadane Sawit Raya Tbk (Bloomberg Stock Code: CSRA IJ) published its 1H20 unaudited financial results. Throughout the first semester of 2020, the Company has managed to book IDR273.33bn in sales revenues, presenting a double-digit top-line growth compared to its 1H19’s figure. The positive results were mainly derived from higher average selling price recorded in 1H20 on YoY basis along with 7.2% higher internal FFB production.
The Company’s 1H20 gross profit also came stronger at IDR109.48bn, Which has grown approximately 67.34% compared to its previous year. This has led to its gross margin expanding by approximately 10ppts YoY to 40.05% in 1H20. This achievement is reflected in the Company’s operating profit which has increased by almost four-fold in this period. These positive achievements have shown the Company’s effort in pursuing sustainable development to support business growth.