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JAKARTA - Even in the midst of the COVID-19 pandemic, PT Mark Dynamics Indonesia Tbk (MARK) achieved significant performance growth of above 20-30 percent. The company, which has been in the glove printing industry for 20 years, is optimistic that its performance will continue to be positive in 2022.

The company's optimism is based on the high demand for medical gloves in the country. President Director of MARK Ridwan Goh in his official statement, Thursday, April 7 stated, because of the importance of the company's products for the medical world in the midst of a pandemic, companies that produce medical gloves must pre-order or order within 1 year to get the prints produced by MARK.

Meanwhile, he said, at normal times in 2022, it is estimated that it will only take two to three months. Previously, the challenge in the midst of the COVID-19 pandemic in 2021 was to be able to accommodate production without interruption.

"For 2022, our challenge is how to create innovations so that performance remains stable by reducing performance costs and production costs so that internal costs of production must be more competitive," said Ridwan.

Regarding the medium-term plan, Ridwan emphasized that Mark Dynamics will not do business downstreaming. This is because the company already has subsidiaries such as Honor Tower Sdn. Bhd. which is engaged in the ceramic molding trading sector.

Then, he continued, there are also PT Megah Raya Sumatra which is engaged in the Sanitary Equipment Industry from Porcelain, and PT Berjaya Dynamics Indonesia which is engaged in the Trade of Agricultural Equipment and Equipment which utilizes the remnants of raw materials for the manufacture of Sanitary.

"Meanwhile, for 2022, Mark Dynamics has only budgeted for capital expenditure or capex of around Rp. 20 billion, in contrast to 2021, which budgeted capex of around IDR 200 billion," said Ridwan.

The low capex makes Mark Dynamics very confident to peg this year's growth of around 30 percent from 2021, because current demand is still strong with a revenue target of around IDR 1.4 trillion and sales volume of around 22 million glove prints. As an illustration, last year's sales volume of MARK was only around 1.5 million prints per month or an average of 18 million per year.

While the projected net profit in 2022 is around IDR 450 billion, this growth is considered moderate because the growth and profit margin is already around 33 percent.

As for the company's cash in 2021, because there is a fairly large capex of IDR 200 billion, 30 percent of which comes from the company's internal cash, so the 2021 cash will be more for investment, and for 2022 it will be much better because the capex has decreased.

"Even for 2021 Mark Dynamics will distribute dividends with a ratio of 50 percent of net profit or around IDR 196 billion," said Ridwan Goh.

In 2021, MARK recorded sales of IDR 1.19 trillion, an increase of 111 percent when compared to the end of 2020 of IDR 565.44 billion and a net profit of IDR 392.15 billion, a very significant increase of 172 percent compared to 2020 which amounted to IDR 144. 19 billion.


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