DSN Group Operating Profit Increased 33%

Jakarta, 21 Maret 2014 – DSN Group reported an operating profit of IDR 657 billion, 33% higher compared to 2012 operating profit of IDR 494 billion. The increase in operating profit was due to increase in net sales and increased efficiency in cost of sales.

According to DSN Group’s consolidated financial report published on March 21, 2014, DSN Group achieved net sales of IDR 3.8 trillion during 2013, 13% higher compared to net sales during 2012, which was IDR 3.4 billion. Cost of sales was IDR 2.6 trillion throughout 2012, 8% higher compared to cost of sales in 2012, which was IDR 2.4 trillion. As a result of higher growth in net sales compared to cost of sales, gross profit margin increased from 28% in 2012 to 31% in 2013. Gross profit in 2013 was IDR 1.2 billion compared to gross profit in 2012 of IDR 961 billion.

DSN Group net profit as reported on the consolidated financial statement was IDR 216 billion during 2013, 15% lower compared to IDR 252 billion reported during 2012. Fluctuation in USD-IDR exchange rate during 2013 was the main reason for decline in net profit, as the fluctuation affected interest payment on USD denominated bank loans.

As of December 31, 2013, DSN Group reported a net asset of IDR 5.9 trillion with total liabilities of IDR 4.2 trillion and total equity of IDR 1.7 trillion. Assets, liabilities, and equities increased 15%, 14%, and 19% respectively in 2013 compared to position as of December 31, 2012.

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ABOUT DSN GROUP

DSN Group was established on 29 September 1980. Initially DSN Group started operations as a logging and wood products manufacturing company. In the late 1990s, DSN Group diversified its operations to commence land acquisitions for palm oil operations and commenced oil palm cultivation in 2001 and commercial production of CPO and PK in 2002.

FOR MORE INFORMATION
Paulina Suryanti
Corporate Secretary
PT Dharma Satya Nusantara Tbk
Jl. Rawa Gelam V Kav. OR/3B
Kawasan Industri Pulogadung
Jakarta 13930, Indonesia
Email: corporate.communications@dsngroup.co.id