Bukaka Garbarata Producer Owned By Jusuf Kalla's Family Earns Revenue Of IDR 2.8 Trillion In The Third Quarter Of 2021, Just Expanded To India

Illustration. (Photo: Doc. Antara)

JAKARTA - Jusuf Kalla's family-owned company, PT Bukaka Teknik Utama Tbk has established a joint venture with an Indian company, Three D Integrated Solutions Ltd.

In the disclosure of Bukaka's information on the Indonesia Stock Exchange (IDX) website, quoted on Tuesday, November 9, the issuer with the stock code BUKK agreed to establish a new entity called Bukaka Three D Private Limited. The new entity has an authorized capital which is divided into 5 million shares with a nominal share of Rp10 each.

The issued or paid-up capital that has been placed by BUKK is Rp498.78 million, equivalent to 51 percent of the total paid-up capital. The Company established the entity as a follow-up to the contract for the procurement of 36 passenger boarding bridges at several Indian airports.

Bukaka cooperates with the Indian company to assist in the smooth operation of the implementation of the work.

Bukaka's management believes that the establishment of a subsidiary will have an impact on improving the company's business operations. One of them is the sale of several passenger boarding bridge units in India.

Bukaka hopes that this will boost operating profit and increase BUKK's credibility as a producer in the international market. BUKK is optimistic that the cooperation will have a positive impact on the company's business continuity.

For information, until the third quarter of 2021, Bukaka posted revenue of Rp. 2.80 trillion, a slight increase from the position of Rp. 2.79 trillion last year.

The majority of BUKK's income comes from electricity transmission networks, bridges and forgings amounting to IDR 2.26 trillion. Then road equipment and special vehicles contributed Rp400 billion.

The company's net profit was recorded at Rp310.91 billion, up 2.5 percent compared to the previous year.