{"id":22213,"date":"2018-08-01T09:31:23","date_gmt":"2018-08-01T02:31:23","guid":{"rendered":"https:\/\/fp.konsep.com\/company-latest-update-june-2018\/"},"modified":"2021-01-22T10:32:33","modified_gmt":"2021-01-22T03:32:33","slug":"company-latest-update-june-2018","status":"publish","type":"post","link":"https:\/\/www.fajarpaper.com\/hr\/company-latest-update-june-2018\/?lang=id","title":{"rendered":"Company latest update – June 2018"},"content":{"rendered":"
AUDITED RESULTS ANNOUNCEMENT FOR THE SIX MONTH ENDED JUNE 30, 2018<\/u><\/b><\/h6>\n
Fajar Paper posts the best ever result for the 1st<\/sup>\u00a0half year ended June 30, 2018 with a\u00a0historical high sales and financial performance<\/b>.<\/div>\n
Key highlights as compared to the same period in 2017:<\/div>\n
o\u00a0\u00a0\u00a0One and half time jump in the production volumes to 672,000 tons from 450,000 tons.<\/div>\n
o\u00a0\u00a0\u00a0Momentous growth of 10 folds in export sales volumes to 183,000 tons from 17,000 tons.<\/div>\n
o\u00a0\u00a0\u00a0Increase of 11% in local sales volumes to 461,000 tons from 416,000 tons.<\/div>\n
o\u00a0\u00a0\u00a0More than two folds jump in the EBITDA to IDR 1,217 billion (USD 88 million from IDR 516 billion (USD 39 million)<\/div>\n
o\u00a0\u00a0\u00a0Net Income more than doubled to IDR 439 billion (USD 32 million) from IDR 183 billion (USD 14 million)<\/div>\n
<\/div>\n
\n\n\n\n\n\n\n\n\n
\n
All figures are quoted<\/b><\/div>\n
in Rp billions unless otherwise stated<\/b><\/div>\n<\/td>\n
\n
Six months to<\/b><\/div>\n
June 30th, 2017<\/b><\/div>\n
\u00a0(Audited)<\/b><\/div>\n<\/td>\n
\n
Six months to<\/b><\/div>\n
June 30th, 2018<\/b><\/div>\n
(Audited)<\/b><\/div>\n<\/td>\n<\/tr>\n
\n
Net Sales<\/div>\n<\/td>\n
\n
2,885<\/div>\n<\/td>\n
\n
4,672<\/div>\n<\/td>\n<\/tr>\n
\n
Gross profit<\/div>\n<\/td>\n
\n
521<\/div>\n<\/td>\n
\n
1,328<\/div>\n<\/td>\n<\/tr>\n
\n
Operating income<\/div>\n<\/td>\n
\n
408<\/div>\n<\/td>\n
\n
1,115<\/div>\n<\/td>\n<\/tr>\n
\n
EBITDA<\/div>\n
EBITDA\u00a0in USD millions<\/div>\n<\/td>\n
\n
514<\/div>\n
39<\/div>\n<\/td>\n
\n
1,216<\/div>\n
88<\/div>\n<\/td>\n<\/tr>\n
\n
Net Income<\/div>\n<\/td>\n
\n
182<\/div>\n<\/td>\n
\n
439<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Jakarta<\/b>,\u00a0<\/b>31\u00a0<\/b>July 2018:\u00a0<\/b>PT Fajar Surya Wisesa TBK (FASW.JK), also known as Fajar Paper, has released its audited financial statements for the six-month period ended 30 June, 2018.<\/p>\n

Fajar Paper has delivered its all-time high\u00a0<\/b>sales and financial performance<\/b>.\u00a0<\/b>It has benefitted from the favorable business developments both in the international and local markets. The boost in exports volume to China, Malaysia, Vietnam, Philippines and Middle East, growth in local consumer goods (FMCG) sector, food & beverage, e-commerce markets and an overall better sales realization have led to the high surge in the total sales volumes and revenue respectively. New capacity available through Paper Machine\u00a08 also supported this growth.<\/p>\n

In comparison with the\u00a0like to like period\u00a0in 2017, sales volumes\u00a0for\u00a02018\u00a0increased\u00a0by\u00a049%\u00a0from 433,330 tons to 644,090 tons,\u00a0including\u00a0increase\u00a0in\u00a0export sales\u00a0volumes from 17,300 tons to 183,100 tons. The\u00a0average selling prices in the domestic market and for exports have increased by\u00a011% and\u00a030%, respectively.\u00a0High-performance\u00a0light weight paper sales\u00a0accounted for\u00a074%, up\u00a0from 63% over the\u00a0same period last year,\u00a0in line with our commitment to provide economical value to our\u00a0domestic\u00a0customers, as well as to cater to overseas market needs.<\/p>\n

Gross profit\u00a0has\u00a0increased to 28%, compared to18% during the same period last year. Higher volumes,\u00a0selling prices, lower recovered paper costs & mix, and higher operating efficiencies have contributed to the high margins.\u00a0This led to the all-time high EBITDA at USD 88 million for this period compared to USD 39 million for the first half year last year.<\/b><\/p>\n

Looking ahead, in spite of the general uncertainty prevailing due to global trade tensions and changing landscape of monetary policies, immediate demand of packaging paper remains stable. Fajar Paper is focusing to increase its exports volumes to the neighboring countries.<\/p>\n

Fajar paper is also looking for inorganic growth opportunities in the region to increase its market penetration.<\/p>\n

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

FajarPaper is a leading manufacture of packaging paper in Indonesia. It is\u00a0<\/i>Forest Stewardship Council-Chain of Custody (FSC-CoC), ISO 9001, ISO 14001, and OHSAS 18001 certified, as well as a Clean Development Mechanism (CDM)<\/i>and Joint Credit Mechanism (JCM) registered. It has a large\u00a0production\u00a0capacity\u00a0to\u00a0supply\u00a0quality\u00a0& innovative\u00a0packaging paper products.<\/i><\/p>\n

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

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

AUDITED RESULTS ANNOUNCEMENT FOR THE SIX MONTH ENDED JUNE 30, 2018 Fajar Paper posts the best ever result for the 1st\u00a0half year ended June 30, 2018 with a\u00a0historical high sales and financial performance. Key highlights as compared to the same period in 2017: o\u00a0\u00a0\u00a0One and half time jump in the production volumes to 672,000 tons […]<\/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\/22213"}],"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=22213"}],"version-history":[{"count":1,"href":"https:\/\/www.fajarpaper.com\/hr\/wp-json\/wp\/v2\/posts\/22213\/revisions"}],"predecessor-version":[{"id":22214,"href":"https:\/\/www.fajarpaper.com\/hr\/wp-json\/wp\/v2\/posts\/22213\/revisions\/22214"}],"wp:attachment":[{"href":"https:\/\/www.fajarpaper.com\/hr\/wp-json\/wp\/v2\/media?parent=22213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fajarpaper.com\/hr\/wp-json\/wp\/v2\/categories?post=22213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fajarpaper.com\/hr\/wp-json\/wp\/v2\/tags?post=22213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}