{"id":22239,"date":"2018-04-01T10:01:01","date_gmt":"2018-04-01T03:01:01","guid":{"rendered":"https:\/\/fp.konsep.com\/company-latest-update-march-2018\/"},"modified":"2021-01-25T08:31:07","modified_gmt":"2021-01-25T01:31:07","slug":"company-latest-update-march-2018","status":"publish","type":"post","link":"https:\/\/www.fajarpaper.com\/hr\/company-latest-update-march-2018\/?lang=id","title":{"rendered":"Company latest update – March 2018"},"content":{"rendered":"

FajarPaper first quarter result reflects solid sales performance in both domestic and export markets<\/b><\/p>\n\n\n\n\n\n\n\n\n
\n

All figures are quoted<\/b><\/p>\n

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

Three months to<\/b><\/p>\n

March 31st, 2017 (unaudited)<\/b><\/td>\n

\n

Three months to<\/b><\/p>\n

March 31st, 2018 (unaudited)<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Net Sales<\/p>\n<\/td>\n

\n

1,610<\/p>\n<\/td>\n

\n

2,425<\/p>\n<\/td>\n<\/tr>\n

\n

Gross profit<\/p>\n<\/td>\n

\n

322<\/p>\n<\/td>\n

\n

680<\/p>\n<\/td>\n<\/tr>\n

\n

Operating income<\/p>\n<\/td>\n

\n

257<\/p>\n<\/td>\n

\n

588<\/p>\n<\/td>\n<\/tr>\n

\n

EBITDA<\/p>\n

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

\n

309<\/p>\n

23<\/p>\n<\/td>\n

\n

641<\/p>\n

47<\/p>\n<\/td>\n<\/tr>\n

\n

Net Income<\/p>\n<\/td>\n

\n

147<\/p>\n<\/td>\n

\n

326<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Jakarta<\/b>, 19\u00a0<\/b>April 2018:\u00a0<\/b>PT Fajar Surya Wisesa TBK(FASW.JK), also known as\u00a0FajarPaper, hasreleased\u00a0its\u00a0unaudited\u00a0financial statementsfor the three month periods\u00a0ended\u00a031st\u00a0March,2018\u00a0and 2017. The\u00a0financial statements can be found by following this link:\u00a0http:\/\/www.fajarpaper.com\/investor-relations\/financial-reports<\/span><\/a><\/div>\n
<\/div>\n
Result Highlights \u2013 maintained increase in sales and financial performance<\/b><\/div>\n
<\/div>\n

A strong increase in Sales revenue\u00a0was\u00a0driven\u00a0mostly\u00a0by\u00a0an expansion in \u00a0sales volumes using new capacity available through Paper Machine #8 (PM8), together with an increase in average selling price.\u00a0In comparison with the same period in 2017, sales volumes\u00a0for\u00a02018\u00a0increased by\u00a031%\u00a0to 330,960 tons, reflecting increased export sales\u00a0to 69,810 tons from 8,892 tons, while average selling prices in the domestic market and for exports have increased by 17% and\u00a036%, respectively.<\/p>\n

Our\u00a0high-performance\u00a0light weight paper sales\u00a0accounted for72%, upfrom 65% over the\u00a0same period last year,in 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\u00a0margin hasincreased to 28%, compared to\u00a020% last year, with increased\u00a0selling prices\u00a0and the benefit of lower recovered paper costs.The boost in sales volume to respond to rising demand in the consumer goods (FMCG) sector, e-commerce and exports, coupled with cost efficiency have contributed to improved margins.\u00a0EBITDA grew to USD 47 million in this period compared to USD 23 million for the first quarter last year resulted from improved sales performance and lower production cost.<\/p>\n

Outlook for 2018<\/b>\u00a0<\/b><\/p>\n

Looking ahead, local interest rates were left unchanged in March, reflecting positive sentiment at Bank Indonesia, with no need for further easing.\u00a0In addition to that, recent Moody\u2019s sovereign rating upgrade would also benefit the Indonesian economy ahead.\u00a0The contraction in January retail sales was reversed in February and continued growth is expected in the March retail data.\u00a0China\u2019s restrictive quotas on waste imports continue to present attractive opportunities to supply packaging paper there to fill the domestic demand gap.<\/p>\n

The Company has benefitted from favorable business development both in the domestic and export markets resulting to better profitability performance.\u00a0\u00a0\u00a0This will strengthen the financial position.<\/p>\n

\u00a0<\/b>end.<\/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><\/i><\/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>.<\/i><\/p>\n

FajarPaper is a Forest Stewardship Council-Chain of Custody (FSC-CoC), ISO 9001, ISO 14001, and OHSAS 18001 certified, as well as a Clean Development Mechanism (CDM) registered company, catering in high capacity and continuous delivery of packaging paper supply, and providing up-to-date innovation and quality packaging paper products.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

FajarPaper first quarter result reflects solid sales performance in both domestic and export markets All figures are quoted in Rp billions unless otherwise stated Three months to March 31st, 2017 (unaudited) Three months to March 31st, 2018 (unaudited) Net Sales 1,610 2,425 Gross profit 322 680 Operating income 257 588 EBITDA EBITDA\u00a0in USD millions 309 […]<\/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\/22239"}],"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=22239"}],"version-history":[{"count":2,"href":"https:\/\/www.fajarpaper.com\/hr\/wp-json\/wp\/v2\/posts\/22239\/revisions"}],"predecessor-version":[{"id":22241,"href":"https:\/\/www.fajarpaper.com\/hr\/wp-json\/wp\/v2\/posts\/22239\/revisions\/22241"}],"wp:attachment":[{"href":"https:\/\/www.fajarpaper.com\/hr\/wp-json\/wp\/v2\/media?parent=22239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fajarpaper.com\/hr\/wp-json\/wp\/v2\/categories?post=22239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fajarpaper.com\/hr\/wp-json\/wp\/v2\/tags?post=22239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}