KONTAN.CO.ID - JAKARTA. PT Cisadane Sawit Raya Tbk (CSRA) showed remarkable performance in 2020. CSRA managed to book revenue of Rp. 607.25 billion last year, an increase of 23.4% compared to the same period in the previous year.
This significant increase in income was mainly triggered by a positive trend in the increase in the average selling price of oil palm commodities, which was also successfully accompanied by consistent achievement of the volume of production of fresh fruit bunches (FFB).
CSRA's gross profit in 2020 was recorded at IDR 265.93 billion or grew 38.6% compared to the same period in 2019 with an increase in gross profit margin to 43.8% from 39.0% in the previous year.
Operational costs during 2020 can still be maintained efficiently, so that CSRA's operating profit can double to IDR 147.72 billion compared to 2019.
As a result, CSRA's net profit in 2020 shot up to Rp 62.85 billion. This number jumped 129.6% compared to the same period in the previous year which was only Rp 27.37 billion.
News source: kontan.co.id | Wednesday - April 28, 2021 | investasi.kontan.co.id