Jakarta - Plantation company PT Sawit Sumbermas Sarana Tbk (SSMS) has realized capital expenditure or capital expenditure (capex) of Rp302.50 billion or 55% of the company's total capital expenditure budget of Rp550 billion.

SSMS Corporate Secretary Swasti Kartikaningtyas said the capital expenditures were used to finance development, maintenance of plantation infrastructure, purchase of heavy equipment that supports the effectiveness of plantation operations to produce fresh fruit bunches (FFB) of good quality and quantity.

"In the second semester of this year, we plan to allocate capex to support operational growth and business development. Business development is in line with SSMS's plan to explore business expansion such as increasing the area of ​​​​oil palm plantations, especially in Central Kalimantan," she said in her statement, Monday (4/10).

According to Swasti, the company's total core plantation area currently r