JAKARTA - PT. Bukaka Teknik Utama Tbk has also felt the impact of the COVID-19 pandemic. It is recorded that in the 2020 financial year, the company with coded shares BUKK recorded a decline in performance both in terms of net profit and income.
Quoted from the information disclosure on the Indonesia Stock Exchange (IDX) website, Monday, March 29, Bukaka's net profit fell 16.15 percent to IDR 423.61 billion throughout 2020, compared to IDR 492.02 billion in the same period in the previous year.
The revenue of the company owned by the Jusuf Kalla family also fell by 51.76 percent throughout 2020. Bukaka only earned IDR 3.98 trillion in revenue in 2020, whereas in the same period the previous year, Bukaka earned IDR 6.04 trillion in revenue.
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The decline in Bukaka's net profit was restrained by the company's success in reducing the income tax burden from the initial IDR 142.93 billion in 2019 to IDR 108.97 billion in 2020. Actuarial losses were also successfully trimmed from IDR 23.45 billion to IDR 14.84 billion annually.
In terms of assets, this item also experienced an increase. As of December 2020, Bukaka's assets reached IDR 4.98 trillion, an increase compared to the previous year's IDR 4.74 trillion
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