2024 (Q1)

Short MD&A

Key movements in Q1/24

Y-on-Y highlights, Q1-2024 against Q1-2023:

  • Sales volume has slight decreased by 0.4%, driven by slower export sales. Domestic sales volume accounted for 74%, up from the prior year’s 70% of total sales.
  • Sales revenue has decreased by 8%, mainly attributed to the decrease in the average selling price by 8%.
  • Cost of Goods Sold has decreased by 3%, from decrease in raw material costs and energy costs from lower production.
  • The value and margin of EBITDA have decreased by 115% and 117%, respectively, due to domestic market condition.
  • Loss for the period has increased by 115%, from decreased in the average selling price and higher interest expenses.
  • Total liabilities and debt have increased by 9% and 11%, respectively, due to new facility agreement.
  • Debt/Equity has increased by 30%, due to lower equity which was attributed by the Loss for the period and higher debt due to new facility agreement.

Q-on-Q highlights, Q1-2024 against Q4-2023:

  • Sales volume has decreased by 4%, contributed by 19% lower export sales volume. Domestic sales volume accounted for 74%, up from the prior quarter’s 70% of total sales.
  • Sales revenue has increased by 4% primarily due to an increase in the average selling price by 8%.
  • Cost of Goods Sold has increased by 2%, from an increase in the production volume by 1%.
  • The value and margin of EBITDA have increased by 71% and 72%, respectively, from increased sales revenue.
  • Loss for the period has decreased by 6%, from higher sales and gross profit margin.
  • Total liabilities and debt both have increased by 6%, due to new facility agreement.
  • Debt/Equity has increased by 10%, due to lower equity which was attributed by the Loss for the period and higher debt due to new facility agreement.

Notes:

  • On 31 March 2024, the Total Debt of IDR 6,734 billion consisted of around USD 86 million and IDR 5,366 billion.
  • Cost of Debt (Pre-Tax) has been slight decreased in Q1-2024, from 6.1% (Q3/23), 6.4% (Q4/23), to 6.3% (Q1/24). The decrease was mainly due to lower long-term loan interest expense

2024

Title
Fajar Quarterly Highlight Q1 2024
1 48 downloads
2024 April 25, 2024

    2023

    Title
    Fajar Quarterly Highlight Q1 2023
    1 50 downloads
    2023 March 31, 2023
    Fajar Quarterly Highlight Q2 2023
    1 67 downloads
    2023 June 30, 2023
    Fajar Quarterly Highlight Q3 2023
    1 49 downloads
    2023 September 30, 2023
    Fajar Quarterly Highlight Q4 2023
    1 37 downloads
    2023 December 31, 2023

      2022

      Title
      Fajar Quarterly Highlight Q1 2022
      1 54 downloads
      2022 March 31, 2022
      Fajar Quarterly Highlight Q2 2022
      1 40 downloads
      2022 June 30, 2022
      Fajar Quarterly Highlight Q3 2022
      1 39 downloads
      2022 September 30, 2022
      Fajar Quarterly Highlight Q4 2022
      1 63 downloads
      2022 December 31, 2022

        2021

        Title
        Fajar Quarterly Highlight Q1 2021
        1 130 downloads
        2021 March 31, 2021
        Fajar Quarterly Highlight Q2 2021
        1 38 downloads
        2021 June 30, 2021
        Fajar Quarterly Highlight Q3 2021
        1 57 downloads
        2021 September 30, 2021
        Fajar Quarterly Highlight Q4 2021
        1 46 downloads
        2021 December 31, 2021

          2020

          Title
          Fajar Quarterly Highlight Q1 2020
          1 37 downloads
          2020 March 31, 2020
          Fajar Quarterly Highlight Q2 2020
          1 26 downloads
          2020 June 30, 2020
          Fajar Quarterly Highlight Q3 2020
          1 30 downloads
          2020 September 30, 2020
          Fajar Quarterly Highlight Q4 2020
          1 39 downloads
          2020 December 31, 2020