Jakarta - PT Salim Ivomas Pratama Tbk (SIMP) recorded a profit growth for the current period attributable to owners for the January-September 2022 period of 59% to Rp896 billion from the same period last year of Rp563 billion.

The company's financial report released on Thursday (12/1) stated that this achievement was supported by a high core profit of around 37% to Rp1.42 trillion and an operating profit of about 12% to Rp2.20 trillion.

EBITDA also strengthened by around 14% to Rp3.36 trillion.

Unfortunately, sales decreased by around 13% to Rp12.33 trillion from Rp14.125 trillion due to lower sales of vegetable oils and fats, which were partly offset by an increase in the average selling price of palm products.

Total assets reached Rp36.778 trillion, with liabilities of Rp16.173 trillion and equity of Rp20.605 trillion.

SIMP's net leverage ratio at the end of September this year was 0.25 times compared to 0.35 times at the e