Petrindo Jaya Kreasi Earns 30 Million US Dollars Profit In Semester I 2024

Illustration. (Photo: Doc. Antara)

PT Petrindo Jaya Kreasi Tbk posted a net profit of 30 million US dollars in the first semester of 2024. This figure has increased the profit position of 11 million US dollars in the first semester of 2023.

Director of Petrindo Jaya Kreasi, Kartika Hendrawan said, the company's increased profit was driven by company revenue which also increased by 79.2 percent year on year (YoY) to 310 million US dollars in the first semester of 2024.

"Income was achieved by a mix of more diversified income. Our revenue in the first semester of 2024 was from the engineering and construction, mining, and service business lines with a contribution of 30 percent, 28 percent, and 4 percent, respectively," he said in his official statement, Tuesday, July 30.

The increasing income position also made the company's gross profit and operating profit increased to 66 million US dollars and 51 million US dollars, respectively.

With good business performance, it made the company's total assets increase to USD 1.157 billion as of June 30, 2024, from the position of USD 230 million as of December 31, 2023.

The total assets increased as a result of the acquisition of shares in PT Multi Tambangjaya Utama (MUTU), PT Petrosea Tbk (PTRO) through a subsidiary of PT Kreasi Jasa Persada (KJP), PT Borneo Bangun Banua (B3), and PT Borneo Bangun Banua Bestari (B4).

"All of these share acquisitions have been consolidated into the financial statements of Petrindo Jaya Kreasi as of June 30, 2024," he said.

The total assets owned by the company until the first semester of 2024, consist of total liabilities (obligations) of US$830 million and total equity of US$327 million.