KONTAN.CO.ID - JAKARTA. Palm oil issuer, Sampoerna Agro (SGRO) is preparing a capital expenditure budget (capex) for this year between Rp 400 billion to Rp 700 billion. Sampoerna Agro's Investor Relations Stefanus Darmagiri said this fund will be allocated for plantation and non-plantation activities. “In 2024, the company budgeted a capex of Rp400 to 700 billion. Where 40% of it will be used for plantation activities and the remaining 60% for non-plantation activities,” Stefanus said, Thursday (07/03).
Stefanus added, this year SGRO is also quite optimistic with the production of Fresh Fruit Bunches (TBS) even though it is still affected by the impact of El-Nino last year. “The production of Fresh Fruit Bunches (TBS) in our core plantation is expected to still grow in 2024. However, TBS production from plasma plantations is expected to decrease, one of which is caused by the replanting activity from the plasma plantation. We hope the total production of TBS (core and plasma) in 2024 can still be the same as the previous year,” he explained. Baca Juga: Salim Ivomas Pratama (SIMP) Sales Drop 10% to IDR 16 Trillion in 2023 Regarding the addition of palm oil mills (PKS) this year, SGRO still monitoring and studying the plan for additions. However, if it relates to increasing production capacity, SGRO remains focused on improving operational performance. “That is by continuing the intensification program that has been running in previous years such as mechanization, water management system, and infrastructure improvement as well as digitization to improve monitoring, production effectiveness and work efficiency in the plantation,” said Stefanus. Regarding the profit and revenue growth target in 2024, Stefanus said that the current target is still very much influenced by the selling price of CPO, which is very dependent on market mechanisms and price fluctuations.
