Liquid Needs Increase, SBMA Increases Are Shipyarf And Petrochemical Businesses

Photo: Doc. PT Surya Biru Murni Acetylene Tbk (SBMA)

JAKARTA - The issuer engaged in the gas inorganic chemistry industry, PT Surya Biru Murni Acetylene Tbk (SBMA) managed to do positive performance growth with quite good production results in June.

President Director of SBMA Rini Dwiyanti said the company is very optimistic about future performance targets with strong performance. As of June alone, the company has experienced positive production growth, thus posting sales which rose 13 percent to Rp52.8 billion.

"This increase is influenced by sales of Acetylene and Carbon dioxide gas," Rini said in a press statement, Thursday, August 3.

In terms of business, SBMA has made a commercial start up water separation plant on June 27, 2023 and currently the company's liquid production reaches 50 tons a day. However, production and sales began to be felt in July and will appear in the Q3 period. This project is a realization of the use of IPO funds.

Rini added that the company has a stable market share and broad business opportunities. Where, the company received many liquid requests such as for the Kalimantan Industrial Estate project which is a government project.

This increasing moment coincided with the company's commissioning air separation plant. Looking back, the company has increased in the Liquid Manufacturing sector by 5 percent and will continue to increase every month.

While the opportunities ahead, the company is currently entering are shipyard and petrochemicals for increasing liquid needs.

"Currently we have taken 5 percent of the liquid market in eastern Kalimantan and it is estimated that it will continue to increase every month," said Rini.

In terms of financial health, SBMA is able to continue to control its short-term liabilities position, which decreased to IDR 28.40 billion as of June 30, 2023, from the end of 2022 period of IDR 30.19 billion.

So that the company's total assets worth Rp269.24 billion are still contributed by positive equity at Rp210.52 billion.

Interestingly, for the period January to June 2023, the cash items obtained from operational activities were recorded as positive as support for equity worth IDR 3.32 billion from minus IDR 4.43 billion previously.