{"id":22202,"date":"2018-10-01T03:31:02","date_gmt":"2018-09-30T20:31:02","guid":{"rendered":"https:\/\/fp.konsep.com\/company-latest-update-september-2018\/"},"modified":"2021-01-22T09:47:16","modified_gmt":"2021-01-22T02:47:16","slug":"company-latest-update-september-2018","status":"publish","type":"post","link":"https:\/\/www.fajarpaper.com\/hr\/company-latest-update-september-2018\/?lang=id","title":{"rendered":"Company latest update – September 2018"},"content":{"rendered":"

INTERIM RESULT ANNOUNCEMENT FOR THE NINE MONTH<\/u><\/strong>S PERIOD<\/u><\/strong>\u00a0ENDED SEPTEMBER 30, 2018<\/u><\/strong><\/p>\n

After registering a strong performance for the six months\u00a0period\u00a0ended\u00a0June 30, 2018, Fajar Paper has delivered a record high results for the nine months\u00a0period\u00a0ended September 30, 2018 with a\u00a0highest ever sales and financial performance<\/strong>.<\/p>\n

Key highlights as compared to the same period in 2017:<\/p>\n

o\u00a0 \u00a0Production volumes significantly increased to 1,041,000 tons from 734,000 tons.<\/p>\n

o\u00a0\u00a0\u00a0Export sales continues to grow high with nine-month volumes at 317,000 tons from 50,100 tons.<\/p>\n

o\u00a0\u00a0\u00a0\u00a0Domestic sales volumes also increased to 712,000 tons\u00a0from 675,000 tons.<\/p>\n

o\u00a0\u00a0\u00a0\u00a0EBITDA more than doubled to IDR 2,048 billion (USD 145 million) from IDR 839 billion (USD 63 million)<\/p>\n

o\u00a0\u00a0\u00a0\u00a0Net Income increased three-fold to IDR 867 billion (USD 61 million) from IDR 285 billion (USD 21 million)<\/p>\n\n\n\n\n\n\n\n\n
All figures are quoted<\/strong><\/p>\n

in Rp billions unless otherwise stated<\/strong><\/td>\n

Nine months to<\/strong><\/p>\n

September 30th, 2017<\/strong><\/p>\n

\u00a0(Unaudited)<\/strong><\/td>\n

Nine months to<\/strong><\/p>\n

September 30th, 2018<\/strong><\/p>\n

(Unaudited)<\/strong><\/td>\n<\/tr>\n

Net Sales<\/td>\n4,913<\/td>\n7,451<\/td>\n<\/tr>\n
Gross profit<\/td>\n849<\/td>\n2,243<\/td>\n<\/tr>\n
Operating income<\/td>\n680<\/td>\n1,890<\/td>\n<\/tr>\n
EBITDA<\/p>\n

EBITDA\u00a0in USD millions<\/td>\n

839<\/p>\n

63<\/td>\n

2,048<\/p>\n

145<\/td>\n<\/tr>\n

Net Income<\/td>\n285<\/td>\n867<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Jakarta<\/strong>,<\/strong>\u00a0<\/strong>15 October 2018:\u00a0<\/strong>PT Fajar Surya Wisesa TBK (FASW.JK), also known as\u00a0Fajar Paper, has\u00a0released\u00a0its\u00a0unaudited\u00a0financial statements\u00a0for the nine\u00a0months\u00a0period ended September 30,\u00a02018.<\/p>\n

Fajar Paper continues delivering impressive results in sales\u00a0<\/strong>and financial performance<\/strong>. \u00a0<\/strong><\/p>\n

The enhanced focus on export has rewarded Fajar Paper with full production capacity utilization, greater production efficiencies, and higher sales volumes.\u00a0 Export sales share increased to about 30%\u00a0of total sales\u00a0for the nine-month\u00a0period\u00a0ended\u00a0September 30, 2018,\u00a0from 6%\u00a0of total sales for\u00a0the same period last year. Exports to China continue to be dominant,\u00a0but\u00a0at the same time\u00a0Fajar\u00a0Paper is also\u00a0increasing\u00a0its exports\u00a0volumes to other markets in neighboring countries like Malaysia, Vietnam, Cambodia,\u00a0Philippines, South Asia, Middle East\u00a0and\u00a0even\u00a0to Africa. The customer base is now expanded to 22 countries.<\/p>\n

Domestic sales have been growing in line with the\u00a0Indonesian\u2019s\u00a0GDP & private consumption growth of about 5% plus with improvement in sales price realization. Domestic Sales volumes were higher at 711,900\u00a0tons,\u00a0as compared to 675,400 tons\u00a0for\u00a0the same period in 2017,\u00a0with end use to consumer goods (FMCG), food & beverage, e-commerce markets. The\u00a0Sales prices for\u00a0exports and domestic sales recorded an increase of 17% and 8%,\u00a0respectively,\u00a0as compared to the same period in 2017. The high-performance\u00a0light weight paper sales contributed to 72% of total sales as compared to 67% during the\u00a0same period last year.<\/p>\n

We have\u00a0also\u00a0been developing the East Java market since last year. Our sales volumes to East Java markets have now already double from the same period last year.<\/p>\n

Gross profit\u00a0margin has\u00a0increased to 30%,\u00a0as\u00a0compared to\u00a017% during the same period last year mainly due to lower recovered paper costs & mix,\u00a0coupled with better selling prices. \u00a0Operating efficiencies with higher capacity utilization have also contributed to the higher margins.\u00a0 For the nine months period, we\u00a0have\u00a0achieved the historical high\u00a0EBITDA at USD 145 million compared to USD 63 million for the same period last year.<\/strong><\/p>\n

Higher exports in USD,\u00a0have\u00a0provided Fajar Paper\u00a0with\u00a0a natural hedge towards the depreciating IDR,\u00a0for its exposures\u00a0in USD\u00a0from\u00a0the import of raw materials and other USD payouts.<\/p>\n

PT Dayasa Aria Prima,\u00a0a\u00a099.99% subsidiary of Fajar Paper,\u00a0has signed a conditional sales and purchase Agreement with PT Surabaya Agung Industri Pulp & Kertas Tbk and PT Capital Management Indonesia to acquire their land and production facilities in Gresik, East Java for an amount of IDR 742.5 billion.\u00a0 This acquisition is in progress and expected to be completed by the end of 2018.\u00a0The new facility, expected to be operational in the early 2019,\u00a0will provide an additional capacity to Fajar\u00a0Paper to\u00a0further\u00a0penetrate the Export markets,\u00a0and also, to\u00a0increase its presence in East Java.<\/p>\n

About Fajar Paper:<\/strong><\/p>\n

Fajar Paper is a\u00a0<\/em>leading manufacture<\/em>r<\/em>\u00a0of packaging paper in Indonesia. It is\u00a0<\/em>Forest Stewardship Council-Chain of Custody (FSC-CoC), ISO 9001, ISO 14001, and OHSAS 18001 certified, as well as a Clean Development Mechanism (CDM)<\/em>\u00a0<\/em>and Joint Credit Mechanism (JCM registered)<\/em>Fajar Paper has the capability to supply and deliver innovative packaging paper products, with the quality and quantity to cater customer\u2019s needs.<\/em><\/p>\n

To learn more about this press release, please contact Fajar Paper\u2019s Investor Relations Department, by sending your inquiries to\u00a0<\/em>ir@fajarpaper.com<\/em><\/a>, or +62 21 344 1316.<\/em><\/p>\n

More information can also be found from our website\u00a0<\/em>www.fajarpaper.com<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

INTERIM RESULT ANNOUNCEMENT FOR THE NINE MONTHS PERIOD\u00a0ENDED SEPTEMBER 30, 2018 After registering a strong performance for the six months\u00a0period\u00a0ended\u00a0June 30, 2018, Fajar Paper has delivered a record high results for the nine months\u00a0period\u00a0ended September 30, 2018 with a\u00a0highest ever sales and financial performance. Key highlights as compared to the same period in 2017: o\u00a0 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"quote","meta":[],"categories":[96],"tags":[],"_links":{"self":[{"href":"https:\/\/www.fajarpaper.com\/hr\/wp-json\/wp\/v2\/posts\/22202"}],"collection":[{"href":"https:\/\/www.fajarpaper.com\/hr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fajarpaper.com\/hr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fajarpaper.com\/hr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fajarpaper.com\/hr\/wp-json\/wp\/v2\/comments?post=22202"}],"version-history":[{"count":1,"href":"https:\/\/www.fajarpaper.com\/hr\/wp-json\/wp\/v2\/posts\/22202\/revisions"}],"predecessor-version":[{"id":22203,"href":"https:\/\/www.fajarpaper.com\/hr\/wp-json\/wp\/v2\/posts\/22202\/revisions\/22203"}],"wp:attachment":[{"href":"https:\/\/www.fajarpaper.com\/hr\/wp-json\/wp\/v2\/media?parent=22202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fajarpaper.com\/hr\/wp-json\/wp\/v2\/categories?post=22202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fajarpaper.com\/hr\/wp-json\/wp\/v2\/tags?post=22202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}