PT Dharma Satya Nusantara Tbk (The Company, DSNG) recorded a strong performance in 2017, posting a net profit of Rp 585.15 billion, an increase of 133.4% compared to the net profit in 2016.
DSN Group continues to improve the partnership with farmers cooperatives in Muara Wahau District by providing investment credit to 4 Koperasi Serba Usaha (KSU) around the plantation area.
PT Dharma Satya Nusantara Tbk posted a net income of Rp 412.4 billion in the first nine months of 2017, a significant increase compared to the same period last year of Rp 17.3 billion.
DSN reported a strong performance in the first half of 2017. The Company recorded revenue of Rp 2.68 trillion, an increase of 44.3% compared to the same period last year.
DSN posted revenue of Rp 1.26 trillion in the first quarter of 2017, rose by 62% compared to the same period last year, driven by the increase of FFB production and higher CPO prices during the first three months of this year.
DSN held AGM 2017 on March 31,2017. Some results of the AGM was the approval of dividend payment of Rp 5 per share and changing in Board of Commissioners's composition.
DSN recorded net sales of Rp 2.64 trillion in the third quarter of 2016, decreased by 19.9% compared to the same period last year, as CPO production declined due to the continuing impact of the recent El Nino.