Plantation company PT Pinago Utama Tbk (PNG), made a positive performance in the first quarter of 2021..

Based on the company's financial report released on Tuesday (8/6), PNGO managed to reap a net profit for the year attributable to owners of the parent entity of Rp63.75 billion. This score increased significantly by 193.41% on an annual basis (YoY) compared to net profit for the year in the first quarter of 2020 of Rp21.72 billion.

Until the end of March 2021, PNGO posted sales of Rp.467.22 billion, a slight increase of 0.85% YoY from sales in the same period the previous year of Rp.463.26 billion.

PNGO's sales during the first three months of this year were supported by sales of palm oil and palm kernel of Rp. 212.47 billion, rubber of Rp. 253.86 billion, followed by sales of compost worth Rp. 882.60 million.

In addition to the growth in sales figures, PNGO could still cut the cost of goods sold by 8.54% YoY. PNGO recorded that the