This Company Owned By The Conglomerate Aburizal Bakrie Still Loses Rp. 43 Billion, Anindya: Thank God It Can Still Grow Despite Ups And Downs

Anindya Bakrie. (Photo: Instagram @anindyabakrie)

JAKARTA - The financial performance of PT Bakrie & Brothers Tbk (BNBR) in mid-2021 has improved, with a net loss of Rp. 43 billion, this figure is much lower than the same period in 2020 which had a net loss of more than Rp. 121 billion.

"Alhamdulillah, until now we have been able to maintain the company's growth and get through the ups and downs of the business world, armed with the resilience of our business sectors," said BNBR President Director Anindya Bakrie in a press release, quoted from Antara, Tuesday, August 3.

He explained that the choice of business sector that he has been engaged in so far has proven to be able to bring BNBR through various crises and challenges. He also admitted that this prolonged pandemic did have a significant impact on the company's overall performance, but gradually the company was able to reverse this negative performance.

"In running the company's efficiency, we take several ways including saving measures, reducing costs, and rescheduling the payment of obligations," he said.

Meanwhile, Anindya said, the company's revenue for the half year in 2021 will be at IDR 1.038 trillion, down about 21 percent compared to last year. In line with that, proportionally the cost of goods sold/COGS also decreased by 21 percent.

In addition to controlling COGS, BNBR also managed to achieve efficiency of 27 percent in operating expenses compared to the same period last year, which is a positive indication of the efficiency efforts undertaken by Bakrie & Brothers.

Anindya also said the company is now pioneering several business sectors that are classified as new sustainable businesses. Among them are Bakrie Autoparts, a BNBR business unit engaged in automotive components, which is supplying electric bus units to the DKI Jakarta Provincial Government through PT Transjakarta.

"As many as 30 buses will now be used by Transjakarta. In the future, BNBR has also committed to providing the next additional unit, in order to meet DKI Jakarta's target of 100 electric buses this year," he said.

In the new and renewable energy industry sector, the company through its subsidiary PT Bakrie Power recently agreed to cooperate with PT PLN (Persero) in the project for the procurement and installation of a Hybrid Solar Power Plant (PLTS) in Parak Village, Selayar, South Sulawesi.

BNBR through PT Multi Control Nusantara (MKN) which focuses on the information and communication technology/ICT industry and the provision of IT infrastructure support services, is now also starting to take part as a provider of IoT (Internet of Things) services for the mining, manufacturing and utilities industry.