Show Positive Performance, PT SBS Earns IDR 135.2 Billion Profit In 2022

PT Satria Bahana Sarana (SBS), a subsidiary of PT Bukit Asam (PTBA). (Photo: Doc. PT SBS)

JAKARTA - PT Bukit Asam (PTBA) through its subsidiary PT Satria Bahana Sarana (SBS) managed to record a profit of IDR 135.2 billion, an increase of 432 percent year on year (yoy) throughout 2022.

It is known, PT Satria Bahana Sarana (SBS) is one of the companies engaged in mining-related services, namely land cutting services, Arabic coal mining and heavy equipment rental services, and has been acquired by PT Bukit Asam (PTBA) since January 20, 2015.

President Director of PT SBS Agung Pratama said the revenue growth was supported by good operations, improved equipment performance, and continuously improved employee competence, thus having a good impact on the company.

"Full support from the management and ranks of PTBA and BMI as the parent company, the enthusiasm of all employees to continue to improve themselves and provide the best for the company, and support from colleagues working with PT SBS," Agung said in a written statement, Monday, March 27.

Meanwhile, the Director of General Finance and Human Resources (HR) of PT SBS Agus Sunaryadi said, the company experienced a significant increase in profit in 2022 compared to 2021 which suffered more losses.

Furthermore, he said, the company's revenue also increased 172 percent in 2022, which was IDR 2.35 trillion compared to 2021 which was only IDR 1.37 trillion.

"In 2021, PT SBS posted a net loss of IDR 40.7 billion," said Agus.

According to Agus, the increase in PT SBS' profit was influenced by an increase in production volume by 35 percent from 32,159,902 Bank Cubic Meters (BCM) to 43,287,346 BCM, and a new tariff.

In 2021, PT SBS is known to have produced land amounting to 25,759,121 BCM and coal amounting to 8,064,970 tons.

Meanwhile, in 2022, the company will experience an increase in land production by 37,886,907 BCM and Coal by 6,804,553 tons.

"The thing that causes an increase in profit in 2022 is an increase in production volume and a new tariff of 16368," explained Agus.

Regarding the increase in profit in 2022, Agus said, his party always appreciates the performance of all PT SBS employees, so that they can contribute to the company.

"Corporate social responsibility (CSR) programs are also often carried out by PT SBS, so it is hoped that it will be able to lift the economic life of the community in their operational areas," he concluded.