This Company Owned By Conglomerate TP Rachmat Is Optimistic To Achieve 25 Times Profit Growth From The Previously Only IDR 8 Billion

Illustration. (Photo: Doc. Dharma Polimetal)

JAKARTA - The company from the Triputra Group owned by conglomerate TP Rachmat, PT Dharma Polimetal Tbk (DRMA) is optimistic that it can achieve an increase in net profit of more than 25 times from the company's net profit achievement in 2020 which was recorded at around IDR 8 billion.

The issuer, which is engaged in manufacturing automotive components, stated that this expectation is in line with the increasing demand for vehicles, which is reflected in the increase in demand for components in recent months.

President Director of DRMA Irianto Santoso said he was proud of the listing of DRMA's shares on the Indonesia Stock Exchange in line with the increasing recovery of the National automotive sector.

"We estimate that until the end of 2021, DRMA will be able to achieve an increase in sales of more than 50 percent or an increase of around IDR 1 trillion from IDR 1.87 trillion at the end of 2020," he said in an official statement, quoted Wednesday, December 22.

According to him, DRMA targets a net profit increase of more than 25 times by the end of this year compared to the position at the end of 2020. For 2022, the company is optimistic that the sales growth target and net profit will be able to grow double digits in line with the increase in the national car sales target by Gaikindo by 900.000. units.

Therefore, Irianto believes that this will certainly have an impact on increasing vehicle sales and overall demand for components. DRMA's performance will also be driven by an increase in the company's market share due to new components made for both old and new customers.

Just so you know, PT Dharma Polimetal Tbk (DRMA) was officially listed on the Indonesia Stock Exchange today and has managed to raise funds of around IDR 350 billion. In the IPO, DRMA set an initial public offering (IPO) price of IDR 500 per share. DRMA offered 705.882.300 shares or 15 percent of the issued and fully paid capital in the company to public investors.

From these funds, DRMA plans to continue to expand and increase factory capacity. Irianto Santoso said that the company's IPO this year is part of its efforts to become a world-class component manufacturing company that is transparent, accountable and accountable to all investors, the public and all stakeholders.