Gresik Regency, August 30, 2024 - PT Nusa Palapa Gemilang Tbk is pleased to announce its impressive performance for the second quarter of 2024, covering the period from January to June 2024. As of the end of June 2024, the Company recorded a net profit of IDR 1.06 billion, representing a significant increase of 154.40% compared to the net profit in the first quarter of 2024. This growth was driven by the strengthening market demand, as reflected in the substantial increases across various business segments of the Company. This achievement is part of the Company’s ongoing efforts to improve and strengthen its performance amidst market challenges.
The Company has also successfully secured contracts with several clients that will last until December 2024. The overall value of the contracts received is IDR 125 billion, with contract realization in June 2024 being IDR 1.9 billion. These contracts are in addition to the sales predictions for the second half of 2024, bolstering the Company's belief that total sales for 2024 will exceed IDR 150 billion. This figure is a threefold increase over overall sales in 2023.
This achievement illustrates PT Nusa Palapa Gemilang Tbk's bright outlook as well as the company's strong dedication to restoring and strengthening its position in Indonesia's non-subsidized fertilizer sector. The company's management remains positive about the challenges ahead and continues to focus on long-term growth initiatives that will provide value to shareholders and other stakeholders.
About PT Nusa Palapa Gemilang Tbk
The Company has been operating since 2001, specializing in the production, marketing, and trading of compound fertilizers with primary macro-nutrient content. In 2023, PT Nusa Palapa Gemilang Tbk began producing NPK fertilizers using the dry granulation system. NPGF was listed as a public company on the Indonesia Stock Exchange on April 14, 2021. With years of experience and a dedication to innovation, the Company remains committed to delivering the best products and services to its customers.
For further information, please contact: Corporate Secretary T +6231 8485665 | F +6231 8495095 corporatesecretary@ptnpg.com www.ptnpg.com
This press release was prepared by PT Nusa Palapa Gemilang Tbk. ("NPGF") and is intended purely for general informational purposes. It does not imply a recommendation for NPGF shares. NPGF assumes no responsibility for any repercussions resulting from reliance on all or any part of the contents of this press release. Neither NPGF, its affiliates, nor their respective employees and agents assume responsibility for any errors, omissions, or inaccuracies that may occur...
Kabupaten Gresik, September 26, 2023 – PT Nusa Palapa Gemilang Tbk (Stock Code: “NPGF” atau “Perseroan”) would like to provide clarification on various questions regarding the Company's business continuity and future prospects. Since September 2022, the Company has begun construction of a new factory located in Panceng District, Gresik, consisting of a factory building, two sets of more efficient dry granulation machines, and other supporting facilities, with a total investment of IDR 60 billion. The construction process was completed in July 2023. The factory construction in Gresik Regency is expected to have a positive impact on the local economy by creating job opportunities for the local community. The Company has been operating commercially and receiving fertilizer orders from several corporate customers (Business-to-Business or "B2B"). Currently, these fertilizer orders are in the final stages of production and delivery. Therefore, the Company is targeted to reach full capacity by the third quarter of this year, with a total order value of approximately IDR 30 billion. Furthermore, to ensure business continuity and revenue growth, the Company will implement various strategies, one of which is through market development. The Company believes there is still ample room for growth, particularly in the free market for both plantation and non-plantation segments, for both oil palm and horticultural crops. Going forward, the Company will, in addition to implementing a B2B business model, also develop markets with a Business-to-Consumer (B2C) business model as a manifestation of its commitment to maintaining long-term business continuity, ensuring competitiveness and adaptability to industry dynamics.
The Company has announced its Interim Consolidated Financial Statements for the six-month periods ended June 30, 2023, and June 30, 2022. As of June 30, 2023, the Company's total liabilities reached IDR 32.2 billion, an 82% decrease compared to IDR 195.7 billion reported on June 30, 2022. This significant decrease in liabilities was driven by the repayment of excessive bank debt, which had burdened the Company's net profit performance. A comparison of the Company's financial condition, based on the Debt-to-Equity Ratio (DER) of 0.17 and 0.85 as of June 30, 2023, and June 30, 2022, indicates a decrease in financial risk and an improving condition. The Company strives to continuously improve productivity and profitability by managing costs more efficiently and aligning available funds with production capacity at the new plant, ensuring that the Company does not incur an increase in its cost of capital.
About PT Nusa Palapa Gemilang Tbk The Company has been operating since 2001 and is engaged in the production, marketing, and trading of primary macronutrient compound fertilizers. In 2023, PT Nusa Palapa Gemilang Tbk produced NPK fertilizer using the dry granulation system. NPGF was publicly listed on the Indonesia Stock Exchange on April 14, 2021.
For further information, please contact Corporate Secretary T +6231 8485665 | F +6231 8495095 corporatesecretary@ptnpg.com www.ptnpg.com
This press release has been prepared by PT Nusa Palapa Gemilang Tbk. ("NPGF") and is being circulated for general information purposes only and does not constitute a recommendation regarding NPGF shares. NPGF shall not be liable for any consequences arising from reliance on the whole or any part of the contents of this press release and neither NPGF nor its affiliated Companies and their respective employees and agents accept any liability for any errors, omissions or inaccuracies that may arise...
PT Nusa Palapa Gemilang Tbk (NPGF) has vaccinated all its employees. This is in line with the government's COVID-19 vaccination program and management's commitment to provide the best service and maintain the availability of fertilizer supplies to customers.
The vaccination program is NPGF's effort to reduce the risk of COVID-19 transmission from and to the community so that NPGF can still provide the best service without any worries from all stakeholders.
"As a public company that is committed to always providing the best service for 24 hours in seven days, of course, we must ensure that all of our employees remain healthy and can work well even in the midst of a pandemic," said Director, Mr. Budi Hariadi. The company's management believes that this vaccination is an effective step to minimize the impact of COVID-19 from and to the community.
The company carried out the vaccination program in collaboration with the Surabaya City Health Office, which was carried out at the Bhakti Rahayu Hospital, Surabaya. Even though they have been vaccinated, the company's management ensures that they continue to implement health protocols such as wearing masks, washing hands, also maintaining distance, and avoiding crowds. When this news was issued, all employees and top management had received stage 1 and 2 vaccinations. Vaccination is one of the most effective measures to overcome the COVID-19 pandemic...
Welcoming Eid al-Adha 1442 Hijriyah, PT Nusa Palapa Gemilang Tbk this year distributed cows as sacrificial animals for the community. The quality of the sacrificial animals is strictly selected to ensure the healthy, quality, and following the sharia. Those animals are obtained from trusted breeders.
Handing sacrificial animals to the community is carried out by implementing health protocols to break the chain of the spread of COVID-19. The ceremony for handing over the sacrificial animals on Tuesday, July 20, 2021, was carried out directly by the President Director, Mr. Uus Sudianto. "Eid al-Adha is a very special moment of worship because it teaches caring. This activity is a tangible manifestation of PT Nusa Palapa Gemilang Tbk's concern for others, especially those who are affected in the midst of this condition. Hopefully, we can continue to share and increase solidarity in social life so that we can survive and through this COVID-19 pandemic together," said Mr. Uus Sudianto.
The sacrificial committee team helps ensure that the slaughtering and handing over of sacrificial animals this year is following the health protocols and applicable government regulations to break the chain of the spread of COVID-19. After slaughtering the qurban, then the meat is packaged and distributed to the people who are entitled to it. The distribution of sacrificial animals for people in need is in line with the Company's Corporate Social Responsibility (CSR).
The company's management believes that social care for the surrounding environment will create harmonious social relationships so that a safe, conducive work environment can be realized, and has a good impact on residents...
On June 16, 2021, the Laboratory team from PT Nusa Palapa Gemilang Tbk received training on the use of Atomic Absorption Spectrophotometry (AAS) from PT SUCOFINDO Surabaya. This training was attended by all analysis staff and laboratory researchers of PT Nusa Palapa Gemilang with resource persons Mr. Khoirul and Mrs. Mahdya from Sucofindo. With this training, it is hoped that PT Nusa Palapa Gemilang Tbk can continue to maintain quality and provide better product services...
The availability of nutrients for plants is one of the factors that affect rice productivity in Indonesia. To increase the availability of nutrients in the soil while increasing rice production, PT Nusa Palapa Gemilang Tbk developed a compound fertilizer NPK 15-15-15 with the FERTICOMP brand. FERTICOMP 15-15-15 contains 15% N, 15% P2O5, and 15% K2O. The fertilizer is expected to be able to meet the nitrogen, phosphorus, and potassium needs of rice plants, so that crop production is expected to increase.
Testing of NPK FERTICOMP 15-15-15 fertilizer was carried out in Dadaprejo Village, Junrejo District, Batu City. This study aims to test the effectiveness of NPK Fertilizer FERTICOMP 15-15-15 on the growth and production of rice plants.
Rice plants aged 8 WAP and 16 WAP
METHODOLOGY The study was designed using a non-factorial randomized block design with 8 treatments and 3 replications so that there were 24 experimental plot units. This randomized block design was used because the experimental unit was not homogeneous and it was a field experiment.
Observations of plant growth were carried out in the vegetative phase of rice plants. Observations were carried out periodically at intervals of every 2 weeks from the age of the plant 2 to 10 weeks after planting (WAP). The parameters for observing plant growth include plant height, number of leaves, and number of rice tillers.
There was 9 treatment doses in the test: B0 = Control (without fertilization) B1 = Application 100% NPK 15-15-15 fertilizer with comparison B2 = Application of 100% single fertilizer mix (Urea, SP-36, KCl) B3 = Application of 50% NPK 15-15-15 FERTICOMP fertilizer (150 kg/ha) B4 = Application of 75% NPK 15-15-15 FERTICOMP fertilizer (225 kg/ha) B5 = Application of 100% NPK 15-15-15 FERTICOMP fertilizer (300 kg/ha) B6 = Application of 125% NPK fertilizer 15-15-15 FERTICOMP (375 kg/ha) B7 = Application of 150% NPK fertilizer 15-15-15 FERTICOMP (450 kg/ha)
Fertilizer application into rice plants
RESULTS AND DISCUSSION
Effect of application of various doses of NPK Ferticomp 15-15-15 on plant height, number of leaves, number of vegetative tillers, and productive tillers in rice plants
Based on the test results, the application of inorganic fertilizer NPK FERTICOMP 15-15-15 at a dose of 150% (± 450 kg/ha) was able to produce the best rice growth (plant height, number of leaves, and number of children) when compared to other treatments. Meanwhile, the application of NPK fertilizer FERTICOMP 15-15-15 with a dose of 100% (± 300 kg/ha) resulted in rice growth that was not significantly different from the comparison NPK fertilizer or a single fertilizer mixture.
Effect of application of various doses of NPK Ferticomp 15-15-15 on the weight of harvested grain and dry milled grain weight
The largest rice production (harvested grain and dry milled grain) was also obtained in the application treatment of NPK fertilizer application FERTICOMP 15-15-15 brands with doses of 100% and 150% (300 kg/ha and 450 kg/ha), which was 9.68 and 10.44 tons/ha of harvested grain and 7.98 and 8.59 tons/ha of dry milled grain.
The results of this study indicate that there are benefits from the application of NPK FERTICOMP 15-15-15 fertilizer to maintain the sustainability of rice production. Thus, it is recommended to apply 100% - 150% dose of inorganic fertilizer NPK FERTICOMP 15-15-15 (300 - 450 kg/ha) on rice plants depending on soil fertility conditions at the cultivation site to obtain optimal growth and production of rice plants.
CONCLUSION 1. Application of NPK fertilizer FERTICOMP 15-15-15 was able to significantly increase the growth of rice plants, in terms of plant height, a number of leaves, and a number of tillers. The best dose to increase plant growth is 150% NPK FERTICOMP 15-15-15 fertilizer or equivalent to 450 kg/ha.
2. Based on plant production parameters, the application of NPK FERTICOMP 15-15-15 fertilizer was able to increase crop production. The dose of NPK FERTICOMP 15-15-15 fertilizer that can produce optimal yields both weights of harvested grain and weight of dry milled grain is 100-150% NPK FERTICOMP 15-15-15 fertilizer or the equivalent of 300 kg/ha to 450 kg/ha...
Acacia crassicarpa fertilized using CCF Ferticote as basic fertilizer, had a higher plant height and larger stem diameter than plants using ordinary granular NPK fertilizer with specifications 15.15.15.
Fertilization activity is necessary for optimum plant bio-mass production. The purpose of this experiment was to examine the effect of CCF Ferticote fertilizer application on the growth of forestry plants, especially from the species Acacia crassicarpa. The experiment took place in the concession area of an industrial forest plantation (IFP) in Siak Regency.
Carbon Coated Fertilizer (CCF) Ferticote is an NPK fertilizer that is assembled with special technology to reach the macro and micronutrient needs of forestry plants. This NPK fertilizer is equipped with ACTIVE CARBON, an adsorbent derived from the pyrolysis process of biomass. Has the ability to absorb protein and contains paramagnetic compounds.Act as a slow release of ammonium and nitrate. A system that captures soil humic acid and is a breeding ground for bacteria. In addition, this fertilizer also contains HUMIC ACID, a natural soil enhancer that acts as a natural chelating agent and microbial stimulant. Humic acid increases the ability of plants to absorb essential nutrients and improve soil structure.
Combination of activated carbon and humic acid plays a role in increasing soil carbon, chelating macro, and micro nutrients to increase availability to plants for a longer period of time, increasing soil CEC, stimulating soil bacterial growth.
METHODOLOGY The experiment was divided into two batches. Batch 1 started in June 2013, while Batch 2 with the aim of verifying data Batch 1 started in December 2013.
The type of plant that used is Acacia crassicarpa. Fertilizers experiment are given to seedlings that have just been planted in the field (when transplanting). The soil type at the experimental site belongs to the order Histosol (Peat).
The treatment given to the plant is as follows: Batch 1 T1. Ash 1 Kg + RP 150 gr + NPK 15.15.15 100 gr T2. Ash 1 Kg + RP 150 gr + CCF Ferticote 50 gr T3. Ash 1 Kg + RP 150 gr + CCF Ferticote 75 gr T4. Ash 1 Kg + RP 150 gr + CCF Ferticote 100 gr
Batch 2 T1. Ash 1 Kg + RP 150 gr + NPK 15.15.15 100 gr T2. Ash 1 Kg + RP 150 gr + CCF Ferticote 50 gr
For the treatment in the Batch 2 experiment, T1 and T2 treatments were chosen with the goals to verify the results of the Batch 1 experiment where at a dose of 50 g/principal, CCF Ferticote was able to give better results than NPK 15.15.15 fertilizer at a dose of 100 g/principal.
(Left) Acacia crassicarpa at planting and application of CCF Ferticote (Middle) Observation of plant height at 3 months (Right) Plants at 6 months.
Fertilizer is applied by spot placement, fertilizer is sown in the holes on the left and right of the plant. Observations were made by taking 25 sample plants in each plot. Parameters and observation time are: Plant Height : Age 3, 6, and 12 Months after planting Stem Diameter : 12 months after planting
RESULTS AND DISCUSSION Batch 1 At the age of 12 months, all treatments using CCF Ferticote (T2, T3, and T4) gave better results than Acacia crassicarpa has given NPK 15.15.15 fertilizer. The best results were shown by treatment T4 (100 g CCF Ferticote/plant) for plant height parameters and T3 treatment (75 g CCF Ferticote/plant) for stem diameter parameters.
In the plant height parameter, there was the consistency of data where, the greater the dose of CCF Ferticote given, the higher the Acacia crassicarpa produced. Meanwhile, the diameter of the stem at T4 experienced a large decrease in diameter. This requires further study.
Graph 1. Growth of Acacia crassicarpa for 12 months
The pattern of plant height growth shown in the 4 treatments in this experiment showed a consistent pattern where the T2, T3, and T4 treatments always gave better results than T1 each time. At the age of 3 months, the plant height of T3 was lower than that of T2. This happened because, in one of the T3 replication plots, many plants had stunted growth due to drought stress that occurred in the period June-August 2013. At the age of 6 months (September 2013), the growth pattern of the 4 treatments returned to normal.
Batch 2 As a verification of the results of the experiment which began in June 2013, Batch 2 has been carried out which began in December 2013. The data in graph 2 shows that the plants tested in Batch 2 gave better results than Batch 1. For comparisons between treatments still showed consistent results where Acacia crassicarpa given CCF Ferticote showed higher plant height than those given NPK 15.15.15.
Graph 2. Comparison of plant heights of Acacia crassicarpa aged 6 months between Experiments Batch 1 and 2.
CONCLUSION The use of CCF Ferticote as a basic NPK fertilizer in the cultivation of Acacia crassicarpa gave better results than the use of NPK 15.15.15 fertilizer at a dose of 100 g/tree. Ferticote CCF fertilizer can be applied at dosage levels of 50, 75, or 100 g/tree depending on the desired results.
Sidoarjo, April 14, 2021 – PT Nusa Palapa Gemilang Tbk (the “Company”), a company from Sidoarjo, East Java, which is engaged in Production, Marketing, and Trading of Compound Artificial Fertilizers of Macro-Primary Nutrients; held an Initial Public Offering (“IPO”) by releasing as many as 648,047,200 (six hundred forty-eight million forty-seven thousand two hundred) new shares which are Common Shares on behalf of which all are new shares issued from Company portfolio with a nominal value of Rp50,- (fifty Rupiah) per share or as much as 20% (twenty percent) of the issued and fully paid-up capital in the Company after the Initial Public Offering, which is issued from the Company's deposit (portfolio), which is offered to Public with an Offer Price of Rp. 100, - (one hundred Rupiah) per share. In the context of the IPO, the Company has appointed PT UOB Kay Hian Sekuritas as the Managing Underwriter.
Uus Sudianto, President Director of the Company, explained, “The Company's move to be listed on the Indonesia Stock Exchange (IDX) through an IPO is part of the Company's strategy to increase the Company's funding capacity and to improve the Company's governance to be even better in the times to come. come. The Company's performance up to September 2020 has recorded positive revenue growth despite the COVID-19 pandemic that has spread globally. The Company remains optimistic that the current business prospects will still be positive in the future!”
Furthermore, Uus said, “This can be seen from the growth in demand for NPK fertilizer from oil palm plantations as a result of improving international CPO prices. Overall, the growth of the non-oil and gas sector from the basic and chemical industries continued to increase to 14.96% until the third quarter of 2020 ago.”
Daud Gunawan, Head of Corporate Finance at PT UOB Kay Hian Sekuritas who is the Managing Underwriter, explained, "The company has obtained an Effective Permit from the Financial Services Authority (OJK) on March 29, 2021. During the public offering period from March 31 to 7 April 2021, shares of PT Nusa Palapa Gemilang Tbk received quite positive interest from investors where the number of incoming requests was oversubscribed up to 3.97x of the total number of share offerings offered in the Company's IPO. Furthermore, the Company will receive fresh funds from the IPO amounting to Rp64.8 billion, of which 82% of the funds obtained by the Company will be used for land acquisition; as much as 17% will be used to pay off the purchase of production machines; and the rest will be used for the Company's working capital, namely the purchase of production raw materials.” Furthermore, Daud said, "We believe that the business expansion plan funded from the Company's IPO will have a positive effect on the continuity and prospects of the Company's business going forward!"..