Holds GMS, PTPN III (Persero) Conveys Positive Financial Performance in Fiscal Year 2022

Jakarta, June 06, 2023 – Holding Perkebunan Nusantara PTPN III (Persero) has recorded positive financial performance for fiscal year 2022. The company recorded a consolidated net profit of Rp6.02 trillion or 121.63% of the target, as well as operating cash flow of Rp6.81 trillion or 107.88% of the set target.

The achievement was conveyed by the President Director of Holding Perkebunan Nusantara PTPN III (Persero) Mohammad Abdul Ghani, at the General Meeting of Shareholders (GMS) held in Jakarta, May 30, 2023. Furthermore, PTPN III (Persero) held a subsidiary GMS on June 5, 2023 in Jakarta. “This success, apart from being caused by transformation in both the operational and financial fields in the company, was also largely influenced by the increase in commodity prices for palm oil and its derivative products,” Abdul Ghani said, in Jakarta (06/06/2023).

On the other hand, Abdul Ghani also acknowledged the challenges faced by the company, such as the dynamics of the crude palm oil (CPO) export market. “Policies related to this have an impact on the company’s operational activities and financial performance,” he said.
For the positive performance achievement, President Commissioner of PT Perkebunan Nusantara III (Persero), Zulkifli Zaini, gave appreciation to all levels of company management. “Of course, the company should not be complacent with these achievements,” he said.

On that occasion, the Board of Commissioners conveyed a number of suggestions to the Board of Directors of PTPN III (Persero), including several strategic aspects, operations, marketing, finance, information technology, procurement and investment, internal control and risk management, supervision of the use of PMN 2015 and IP PEN funds, as well as social and environmental responsibility (TJSL).

Deputy Minister of SOE I, Pahala Nugraha Mansury, who was present as a representative of PTPN III (Persero) Shareholders, expressed his appreciation for the company’s performance and the efforts made by the board of commissioners, directors, and company staff throughout the 2022 financial year.

“We hope that the board of directors will strive to optimally achieve the financial and operational targets in the 2023 RKAP, including downstream programs, product diversification, market expansion, and synergies with other SOEs,” said Pahala.

Pahala hopes that PTPN III (Persero), as the holding company in the plantation and forestry cluster, will continue to be committed to strengthening the company’s performance and facing future business challenges. “We hope that the company’s management can take strategic steps to achieve the performance targets and Key Performance Indicator (KPI) that have been set. The company should also continue to intensively foster its subsidiaries and ensure that strategies and work plans are effective and timely,” Pahala added.