State Sugar Plantation PTPN XI Swings to Profit on Efficent Operation
Post at Wednesday, 20 April 2016
SURABAYA (20/04/2016) State-owned plantation company Perkebunan Nusantara XI booked a Rp 248 billion ($19 million) net income in 2015, thanks to a more efficient operation after suffering a Rp 192.5 billion loss a year earlier amid falling sugar prices.
The profit was the company's best performance in the last decade and the highest profit among state plantations last year.
"This is the fruit of our handwork with the farmers. PTPN XI has tried to change the worker's mindset to work faster. We are no longer have complicated bureaucracy," Dolly P Pulungan, PTPN XI president director, said on Thursday (24/3).
The company targets to produce 450,000 metric tons of sugar this year, up 11.1 percent from 405,000 metric tons a year earlier.
M Cholidi, PTPN XI human resources director, said the prolonged drought last year had reduced production. He said the company aims to match Thailand's production of 100 metric tons a hectare in three years.
"We will try to keep the production volume this year, or about an average of 80 metric tons a hectare of sugar cane production, that is enough. But in the 2016 to 2017 planting season, we will try to improve [the production] in several ways, including through land conversion in collaboration with PTPN XII," he said. (Jo/Sumber:disini)