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PT Nusa Palapa Gemilang Tbk (NPGF) Reports Financial Performance for the Third Quarter of 2024Surabaya, October 30, 2024 – PT Nusa Palapa Gemilang Tbk (“NPGF”), a publicly listed company specializing in agricultural chemicals and fertilizers, announced its financial performance report for the third quarter of 2024 on October 29, 2024. This report reflects the Company’s efforts to maintain business stability amid market challenges while reinforcing its commitment to sustainable growth.
Key Financial Achievements
In the third quarter of 2024, NPGF recorded several significant financial achievements, including:
• Revenue Growth: As of the end of September 2024, the Company recorded revenue of IDR 100.77 billion, marking a substantial increase of IDR 81.17 billion compared to the revenue of IDR 19.60 billion at the end of September 2023. This achievement was primarily driven by increased demand for the Company’s flagship products, such as NPK granular fertilizers, NPK briquettes, and micronutrient fertilizers.
• Operating Profit: The Company’s operating profit as of the end of September 2024 reached IDR 8.36 billion, reflecting a significant growth of 145.28% or IDR 26.82 billion compared to the same period last year, when the Company recorded an operating loss of IDR 18.46 billion.
• EBITDA: The Company recorded an EBITDA of IDR 10.40 billion, marking a growth of 94.32% compared to EBITDA in the second quarter of 2024. This achievement reflects a solid financial position supporting the Company’s long-term growth initiatives.
• Net Profit: The Company successfully recorded a net profit of IDR 3.37 billion, representing a significant increase of 2.17 times compared to the net profit in the second quarter of 2024, which was IDR 1.06 billion.
Growth Supporting Factors
The Company has successfully strengthened its market position through various strategies, including:
• Market Diversification: NPGF has expanded its market reach, targeting not only the corporate segment but also the retail segment, aiming to reach a broader customer base and increase product accessibility. The Company is now actively entering the retail market, offering products tailored to the needs of individual farmers and end consumers, thereby enhancing its position within the agriculture industry as a whole.
• Operational Efficiency: The implementation of new technology and supply chain optimization has become a key factor in reducing production costs, contributing to increased operating profit.
• Commitment to Sustainability: NPGF is also committed to adopting sustainable practices.
Projection and Strategic Plan
The Company's fiscal target for 2024 is to increase revenue by 187% compared to the previous year. As we approach the final quarter of 2024, NPGF remains optimistic about further enhancing performance by focusing on market expansion and strengthening relationships with key customers. The Company plans to increase production capacity at several main facilities and expand its distribution network across Indonesia.
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...
Key Financial Achievements
In the third quarter of 2024, NPGF recorded several significant financial achievements, including:
• Revenue Growth: As of the end of September 2024, the Company recorded revenue of IDR 100.77 billion, marking a substantial increase of IDR 81.17 billion compared to the revenue of IDR 19.60 billion at the end of September 2023. This achievement was primarily driven by increased demand for the Company’s flagship products, such as NPK granular fertilizers, NPK briquettes, and micronutrient fertilizers.
• Operating Profit: The Company’s operating profit as of the end of September 2024 reached IDR 8.36 billion, reflecting a significant growth of 145.28% or IDR 26.82 billion compared to the same period last year, when the Company recorded an operating loss of IDR 18.46 billion.
• EBITDA: The Company recorded an EBITDA of IDR 10.40 billion, marking a growth of 94.32% compared to EBITDA in the second quarter of 2024. This achievement reflects a solid financial position supporting the Company’s long-term growth initiatives.
• Net Profit: The Company successfully recorded a net profit of IDR 3.37 billion, representing a significant increase of 2.17 times compared to the net profit in the second quarter of 2024, which was IDR 1.06 billion.
Growth Supporting Factors
The Company has successfully strengthened its market position through various strategies, including:
• Market Diversification: NPGF has expanded its market reach, targeting not only the corporate segment but also the retail segment, aiming to reach a broader customer base and increase product accessibility. The Company is now actively entering the retail market, offering products tailored to the needs of individual farmers and end consumers, thereby enhancing its position within the agriculture industry as a whole.
• Operational Efficiency: The implementation of new technology and supply chain optimization has become a key factor in reducing production costs, contributing to increased operating profit.
• Commitment to Sustainability: NPGF is also committed to adopting sustainable practices.
Projection and Strategic Plan
The Company's fiscal target for 2024 is to increase revenue by 187% compared to the previous year. As we approach the final quarter of 2024, NPGF remains optimistic about further enhancing performance by focusing on market expansion and strengthening relationships with key customers. The Company plans to increase production capacity at several main facilities and expand its distribution network across Indonesia.
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...
PT Nusa Palapa Gemilang Tbk Records Significant Performance Improvement in Q2 2024
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...
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...
Company Laboratory FacilitiesSurabaya, 16 September 2020. The Company has reliable and competent human resources in the field of product development and formulation. The company's laboratory facilities are equipped with equipment that follows ISO standards and is nationally certified. As part of the modernization of equipment, the company has brought in an AAS (Atomic Absorption Spectrophotometer) which is used to analyze micro elements Cu, Zn, Fe, B, Ca, Mg, and macro elements (P and K). the accuracy is high compared to the old tools...
Training Activities on the Use of Atomic Absorption Spectrophotometry (AAS) with PT SUCOFINDO SurabayaOn 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...
Welcoming Eid al-Adha 1442 H, PT Nusa Palapa Gemilang Tbk Hands Sacrificial Animals to the CommunityWelcoming 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...
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...
To Suppress the Impact of COVID-19, NPGF Vaccines All EmployeesPT 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...
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...
NPGF: Keberlangsungan Usaha yang BerkelanjutanKabupaten Gresik, 26 September 2023 – PT Nusa Palapa Gemilang Tbk (Kode Saham: “NPGF” atau “Perseroan”) ingin memberikan penjelasan atas berbagai pertanyaan terkait kelangsungan usaha dan prospek Perseroan ke depan. Sejak bulan September 2022, Perseroan mulai melakukan proses pembangunan pabrik baru yang berlokasi di Kecamatan Panceng, Gresik berupa bangunan pabrik, 2 set mesin dry granulation yang lebih efisien dan sarana pendukung lainnya dengan total investasi sebesar Rp 60 Miliar. Proses pembangunan tersebut telah terselesaikan pada bulan Juli 2023. Pembangunan pabrik di Kabupaten Gresik diharapkan dapat memberikan dampak positif bagi perekonomian lokal melalui terciptanya peluang kerja bagi masyarakat setempat.
Perseroan telah beroperasi secara komersial dan menerima pesanan pupuk dari sejumlah pelanggan korporasi (Business to Business atau “B2B”). Saat ini, pesanan pupuk sedang dalam tahap penyelesaian proyek produksi dan pengiriman. Dengan demikian, ditargetkan hingga Kuartal III tahun ini, produksi Perseroan telah full capacity dengan total nilai pesanan sekitar Rp 30 Miliar. Selain itu, untuk memastikan keberlangsungan usaha dan pertumbuhan pendapatan, Perseroan akan melakukan berbagai strategi, salah satunya melalui pengembangan pasar. Perseroan meyakini bahwa masih banyak ruang untuk tumbuh, terutama di free market segmen perkebunan maupun non perkebunan baik untuk tanaman kelapa sawit maupun hortikultura. Kedepannya, Perseroan selain menerapkan pola bisnis B2B, juga mengembangkan pasar dengan model bisnis Business to Consumer (B2C) sebagai wujud komitmen dalam menjaga kelangsungan usaha jangka panjang Perseroan agar dapat bersaing dan adaptif terhadap dinamika industri.
Perseroan telah mengumumkan Laporan Keuangan Konsolidasian Interim untuk periode enam bulan yang berakhir pada tanggal 30 Juni 2023 dan 30 Juni 2022. Per 30 Juni 2023, total liabilitas Perseroan mencapai Rp 32,2 Miliar, menurun 82% dibandingkan 30 Juni 2022 yang dilaporkan sebesar Rp 195,7 Miliar. Penurunan liabilitas yang signifikan dipengaruhi oleh pelunasan utang bank yang terlalu besar dan telah membebani kinerja laba bersih Perseroan. Jika dilihat perbandingan kondisi keuangan melalui nilai Debt to Equity Ratio (DER) pada tanggal 30 Juni 2023 dan 30 Juni 2022 sebesar 0,17 dan 0,85 menunjukkan penurunan risiko keuangan dan kondisi yang semakin membaik. Perseroan berupaya untuk terus meningkatkan produktivitas dan profitabilitas dengan mengelola biaya secara lebih efisien dan penyesuaian ketersediaan dana dengan kapasitas produksi di pabrik baru sehingga Perseroan tidak memiliki peningkatan cost of capital.
Tentang PT Nusa Palapa Gemilang Tbk
Perseroan telah beroperasi sejak tahun 2001 dan bergerak di bidang usaha produksi, pemasaran, dan perdagangan pupuk buatan majemuk hara makro primer. Pada tahun 2023, PT Nusa Palapa Gemilang Tbk memproduksi pupuk NPK dengan sistem dry granulation. NPGF terdaftar secara publik di Bursa Efek Indonesia pada tanggal 14 April 2021.
Untuk informasi lebih lanjut, silahkan hubungi
Sekretaris Perusahaan
T +6231 8485665 | F +6231 8495095
corporatesecretary@ptnpg.com
www.ptnpg.com
Siaran pers ini telah disiapkan oleh PT Nusa Palapa Gemilang Tbk. ("NPGF") dan diedarkan hanya untuk tujuan informasi umum dan bukan merupakan rekomendasi perihal saham NPGF. NPGF tidak bertanggung jawab atas konsekuensi yang timbul sebagai akibat dari ketergantungan pada keseluruhan atau sebagian dari isi siaran pers ini dan baik NPGF maupun Perusahaan afiliasinya dan karyawannya masing-masing dan agen tidak menerima tanggung jawab atas segala kesalahan, kelalaian serta ketidakakuratan yang mungkin timbul.
..
Perseroan telah beroperasi secara komersial dan menerima pesanan pupuk dari sejumlah pelanggan korporasi (Business to Business atau “B2B”). Saat ini, pesanan pupuk sedang dalam tahap penyelesaian proyek produksi dan pengiriman. Dengan demikian, ditargetkan hingga Kuartal III tahun ini, produksi Perseroan telah full capacity dengan total nilai pesanan sekitar Rp 30 Miliar. Selain itu, untuk memastikan keberlangsungan usaha dan pertumbuhan pendapatan, Perseroan akan melakukan berbagai strategi, salah satunya melalui pengembangan pasar. Perseroan meyakini bahwa masih banyak ruang untuk tumbuh, terutama di free market segmen perkebunan maupun non perkebunan baik untuk tanaman kelapa sawit maupun hortikultura. Kedepannya, Perseroan selain menerapkan pola bisnis B2B, juga mengembangkan pasar dengan model bisnis Business to Consumer (B2C) sebagai wujud komitmen dalam menjaga kelangsungan usaha jangka panjang Perseroan agar dapat bersaing dan adaptif terhadap dinamika industri.
Perseroan telah mengumumkan Laporan Keuangan Konsolidasian Interim untuk periode enam bulan yang berakhir pada tanggal 30 Juni 2023 dan 30 Juni 2022. Per 30 Juni 2023, total liabilitas Perseroan mencapai Rp 32,2 Miliar, menurun 82% dibandingkan 30 Juni 2022 yang dilaporkan sebesar Rp 195,7 Miliar. Penurunan liabilitas yang signifikan dipengaruhi oleh pelunasan utang bank yang terlalu besar dan telah membebani kinerja laba bersih Perseroan. Jika dilihat perbandingan kondisi keuangan melalui nilai Debt to Equity Ratio (DER) pada tanggal 30 Juni 2023 dan 30 Juni 2022 sebesar 0,17 dan 0,85 menunjukkan penurunan risiko keuangan dan kondisi yang semakin membaik. Perseroan berupaya untuk terus meningkatkan produktivitas dan profitabilitas dengan mengelola biaya secara lebih efisien dan penyesuaian ketersediaan dana dengan kapasitas produksi di pabrik baru sehingga Perseroan tidak memiliki peningkatan cost of capital.
Tentang PT Nusa Palapa Gemilang Tbk
Perseroan telah beroperasi sejak tahun 2001 dan bergerak di bidang usaha produksi, pemasaran, dan perdagangan pupuk buatan majemuk hara makro primer. Pada tahun 2023, PT Nusa Palapa Gemilang Tbk memproduksi pupuk NPK dengan sistem dry granulation. NPGF terdaftar secara publik di Bursa Efek Indonesia pada tanggal 14 April 2021.
Untuk informasi lebih lanjut, silahkan hubungi
Sekretaris Perusahaan
T +6231 8485665 | F +6231 8495095
corporatesecretary@ptnpg.com
www.ptnpg.com
Siaran pers ini telah disiapkan oleh PT Nusa Palapa Gemilang Tbk. ("NPGF") dan diedarkan hanya untuk tujuan informasi umum dan bukan merupakan rekomendasi perihal saham NPGF. NPGF tidak bertanggung jawab atas konsekuensi yang timbul sebagai akibat dari ketergantungan pada keseluruhan atau sebagian dari isi siaran pers ini dan baik NPGF maupun Perusahaan afiliasinya dan karyawannya masing-masing dan agen tidak menerima tanggung jawab atas segala kesalahan, kelalaian serta ketidakakuratan yang mungkin timbul.
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Initial Public Offering of PT Nusa Palapa Gemilang TbkSidoarjo, 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!"..
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!"..
APPLICATION of FERTICOMP NPK FERTILIZER 15-15-15 in RICE PLANTSThe 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.
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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.
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