Barito Pacific, This Prajogo Pangestu Conglomerate Owned Company Earns IDR 22 Trillion In Revenue And IDR 1.38 Trillion In Profit

Prajogo Pangestu conglomerate. (Photo: Instagram @forbesindonesia)

JAKARTA - PT Barito Pacific Tbk. (BRPT) managed to record positive performance in the first six not this year, the issuer with the stock code BRPT achieved revenue and net profit growth in the first semester of 2021.

In Barito Pacific's financial report published on the Indonesia Stock Exchange (IDX) website, quoted on Friday, August 6, the company owned by conglomerate Prajogo Pangestu posted revenues of US$1.55 billion or equivalent to Rp22.62 trillion. The revenue rose 40.93 percent year on year (yoy) from US$1.1 billion as of June 2020.

BRPT's cost of revenue increased to 496.27 million US dollars from the previous 201.79 million US dollars. However, its gross profit still rose to US$496.27 million as of June 2021 from US$202.79 million as of June 2020.

As a result, Barito Pacific posted a net profit for the period attributable to owners of the parent entity of US$95.49 million or around Rp1.38 trillion in the first semester of 2021. The net profit was reversed from the previous net loss of US$14.53 million in the first semester of 2020. .

BRPT's liabilities reached US$4.54 billion as of June 2021, down from US$4.73 billion at the end of 2020. The composition of long-term and short-term liabilities in the first semester of 2021 were US$3.63 billion and US$911.21 million, respectively. US dollars.

BRPT's equity rose to US$3.1 billion in the first half of 2021, up from US$2.95 billion as of December 2020. As a result, BRPT's total assets reached US$7.66 billion, down from last year's 7.68 billion dollars. US.