Jakarta - PT Cisadane Sawit Raya Tbk (CSRA) posted a net profit in the first semester of 2021 of Rp83.45 billion, an increase of 93.9% compared to the same period last year of only Rp. 43.04 billion.

The financial report released on Friday (27/8) showed the net margin also increased to 21.5%, from 15.7%.

An increase in sales of around 42.3% to Rp388.88 billion from Rp273.33 billion supported the net profit growth.

The increase in sales was supported by a combination of a continuing bullish trend in the average selling price of palm oil and optimal product performance across all production lines.

In addition to the price factor, consistent production line productivity also contributes to a strong top-line, with FFB production yields maintained at around 9.7ton/ha.

Until the end of semester 1 2021, the total planted area of ​​Cisadane's core reaches 18,605 ha. Of the planted plantation area, an area of ​​15,660.4 ha is plan