JAKARTA - PT Paperocks Indonesia Tbk (PPRI) posted sales of IDR 147.65 billion throughout 2024, or an increase of 38.48 percent compared to the same period in the previous year which was recorded at IDR 106.62 billion.
Therefore, PPRI recorded a profit for the current year of IDR 4.5 billion in 2024, an increase of 99.9 percent compared to the same period in the previous year of IDR 2.25 billion.
This significant increase in growth was realized, among others, thanks to our efforts and consistency in maintaining product quality and services. We are also committed to always innovating in presenting products that can be accepted by the market with competitive prices," said President Director of Paperocks, Catur Jatiwaluyo to reporters during the GMS as well as the Company's Public Exposure in Jakarta, Wednesday, May 7.
Catur said the company will distribute a final dividend of IDR 1.05 per share or IDR 1.1 billion from a net profit in 2024.
"For this reason, we propose to the Meeting to approve several important steps, including the distribution of cash dividends of Rp1,125,459,800, or Rp1.05 per share to PPRI shareholders," he explained.
In addition, Catur also stated that the Company's revenue growth increased significantly because sales of local brands experienced quite a lot of growth.
According to him, this is in line with the rapidly increasing growth in the food and beverage service sector by 5.82 percent, surpassing Indonesia's general economic growth of 5.02 percent in 2024.
On the other hand, Catur added that PPRI's performance in the first quarter of 2025 recorded sales of IDR 42.19 billion, an increase of 4.18 percent compared to the same period in 2024 which was valued at IDR 40.49 billion.
The company made a profit for the current year of IDR 1.17 billion in the first quarter of 2025, an increase of 14.50 percent compared to the same period in the previous year of IDR 1.02 billion.
SEE ALSO:
"In 2025, the Company is optimistic that year-on-year sales will experience positive growth even though the business world is facing uncertain global challenges," he explained.
Catur said that his party has announced an increase in the percentage of use of environmentally friendly materials in the products they market.
According to him, PPRI focuses its efforts on the packaging industry by using the main ingredients of paper which is a renewable resource.
In addition, he said that his party is actively introducing recycled products to have a positive impact on customers, employees, and the surrounding environment.
"This is indeed our commitment from the start, to contribute positively to maintaining environmental sustainability and providing sustainable benefits for all parties," said Catur.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
