Growing 30 Percent, Jasuindo Tiga Perkasa Books Net Profit Of IDR 96.5 Billion In 2021

Illustrated Laporan Keuangan. (Photo: Freepik)

JAKARTA - PT Jasuindo Tiga Perkasa Tbk (JTPE) recorded sales growth and net profit during 2021.

JTPE President Director Allan Wibisono said the company's sales increased by around 10 percent or reached Rp1.1 trillion in 2021 from Rp978.6 billion in 2020.

Meanwhile, the company's net profit also increased by around 30 percent or Rp. 96.5 billion.

"In order to continue business growth, JTPE continues to intensify expansion in the field of digital solutions and security documents to capture bigger market opportunities in the following years," he said in a written statement received by VOI, Tuesday 10 May.

Allan detailed, during 2021, JTPE sales were dominated by the security segment with a contribution of 86 percent or Rp.923.9 billion.

While the remaining Rp152 billion was sales from the non-security segment.

The composition of JTPE sales in 2021 is dominated by domestic sales, which is 89 percent, while the company's export sales in 2021 will increase by 35 percent.

Allan continued, with the advantages of technology and the quality of the products produced, it has increased demand from overseas customers for the procurement of their security documents including passport components, such as e-Cover, e-PCDP and inlays, ID cards, RFID, gift cards and etc.

The company sees that the export market opportunity is still very large, so JTPE will continue to explore this potential and increase sales for exports.

"We will continue to develop new innovations to produce products that meet customer needs. For example, in the midst of today's digitalization era, we have developed products such as electronic passports, digital signatures (e-signs), RFID solutions, bank cards and other payment cards. Hopefully, with our technological advantages and experience in this field, we can make a better contribution to the Company's performance going forward," concluded Allan.