This Is The Business Focus Of The Precision PP In 2023

Illustration. (Photo: Doc. Antara)

JAKARTA - PT PP Presisi Tbk (PPRE) stated that it will focus on the mining service business in 2023. PPRE President Director Rully Noviar said the company was doing this as an effort to obtain recurring sources of income.

Until September 2022, PP Presisi's revenue reached IDR 2.6 trillion. The revenue of this subsidiary of PTPP increased 40 percent compared to the same period last year of IDR 1.8 trillion.

The contribution of income to the mining service business line has reached 27.3 percent. Rully explained, this achievement is a positive thing in the midst of the focus of PP Precision on developing the mining service business in the future as a recurring source of income.

"This focus is of course also in line with government policies in the mining downstream program by stimulating the construction of a smelter that encourages demand for battery raw materials which causes an increase in prices on nickel," Rully said in a virtual public expose, Thursday, November 24.

Rully further said that his party is also targeting an increase in revenue of more than 20 percent by 2023. To achieve this goal, PPRE has compiled a 2023 winning target through a strategy to optimize heavy equipment, increase financial capacity, increase HR capabilities, implementation of a centralized SCM system, support for IT & equipment technology, and increase corporate governance.

Through these efforts, it is hoped that the focus on integrated mining services can be realized soon and provide higher profits, cash flow and ultimately increase added value for stakeholders.