DCI Indonesia, Toto Sugiri's Conglomerate Owned Company Earns IDR 871.2 Billion In Revenue And IDR 261.4 Billion In Profit

Conglomerate Toto Sugiri. (Photo: Doc. Antara)

JAKARTA - PT DCI Indonesia Tbk (DCII) recorded an increase in performance in 2021. The profit and revenue of the company owned by the conglomerate Toto Sugiri grew significantly throughout last year.

In DCII's financial report, quoted on Wednesday, March 2, DCII's profit for the year grew 42.76 percent to IDR 261.4 billion in 2021. Meanwhile, the company recorded revenue of IDR 871.2 billion in 2021, an increase of 14.73 percent from the company's revenue in 2020 of IDR 759.3 billion.

The increase in the company's revenue was driven by collocation income, which rose 42.76 percent to IDR 828 billion, from IDR 721.4 billion. The company's other income also increased by 13.91 percent from IDR 37.9 billion to IDR 43.23 billion.

The increase in the company's revenue also made the company's cost of revenue increase 1.53 percent to IDR 395.23 billion, from IDR 389.28 billion. However, the company was still able to score an increase in gross profit of 28.62 percent from IDR 370 billion in 2020 to IDR 476 billion in 2021.

The company's profit for the year also increased 42.76 percent to IDR 261.4 billion, from IDR 183.14 billion on an annual basis or year on year (YoY). Until the end of 2021, the company's total assets recorded an increase of 22.78 percent to IDR 2.99 trillion, from IDR 2.4 trillion at the end of 2020.

Total current assets rose to IDR 297.28 billion and non-current assets also rose to IDR 2.69 trillion. DCII President Director, Otto Toto Sugiri, explained that the increase in current assets mainly came from third-party trade receivables, which increased by IDR 111.5 billion or 109 percent. This is in line with the increase in the company's revenue.

Meanwhile, the increase in non-current assets, especially in net fixed assets, increased by IDR 477 billion or 22 percent for the addition of fixed assets in the form of buildings, mechanical equipment, electricity, and networks for the expansion of the company's data center building.

"This investment aims to increase the company's colocation capacity to meet customer demand and increase the company's revenue", said Toto.

The company's total liabilities also rose 3.5 percent to IDR 1.77 trillion, from IDR 1.71 trillion at the end of December 2020. DCII's total equity also shot up 68.85 percent at the end of 2021 to IDR 1.21 trillion, from IDR 719 at the end of 2020.