Having A Row Of Kakap Customers, Surya Biru Murni Acetylene's Sales Continue To Increase

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

JAKARTA - The oxygen issuer from Kalimantan, PT Surya Biru Murni Acetylene Tbk (SBMA) as of September 30, 2023, managed to record operating income of IDR 82.06 billion. This achievement rose 11 percent from the same period last year of IDR 73.42 billion.

"The growth in SBMA's performance is in line with the increasing needs of Gas, Acetylene and Carbon dioxide," said President Director of PT Surya Biru Murni Acetylene Tbk (SBMA) Rini Dwiyanti, in a written statement, Monday, November 13.

Rini said that his party had conducted a commercial start up air separation plant on June 27, 2023 and currently the company's liquid production has reached 50 tons per day.

"So that the business steps that have been taken by SBMA have begun to be felt by increasing production and sales since July and have been seen in the third quarter of 2023," explained Rini.

The company is also currently entering are shipyard and petrochemicals for increasing liquid demand.

"Currently we have taken 5 percent of the liquid market in eastern Kalimantan," said Rini.

The company noted that Acetylene's sales grew to Rp24.80 billion from Rp21.00 billion last year, Argon's sales also increased to Rp16.28 billion from Rp15.03 billion, sales of Oxygen produced by SBMA increased to Rp15.59 billion from Rp11.95 billion.

Then other sales such as carbon dioxide also increased to Rp6.09 billion from Rp3.12 billion.

"In fact, we were able to record nitrogen sales of IDR 3.69 billion, up from IDR 2.40 billion and other sales of IDR 15.59 billion," said Rini.

There are many large companies that are SBMA clients, including PT Pama Persada Nusantara, PT Pupuk Kalimantan Timur (Pupuk Kaltim), PT Petrosea Tbk, PT KTC Coal mining & Energy, PT Darma Henwa Tbk, PT Wijaya Karya Tbk, PT Hexindo Adiperkasa Tbk, PT Pertamina (Persero), PT Sucofindo and many more.

"Meanwhile, to maintain good production stability and business continuity in the period until September 30, 2023, of course, we also issued repair and maintenance costs worth Rp. 83.14 million, additional iso tank rentals of Rp. 672.40 million and rejuvenation of spare parts of production machines and installation costs of Rp. 469.55 million," explained Rini.

This value was issued by the company as an effort to strengthen its position as a major player in this industry and prepare all needs for more production in the future.

The total equity amount was IDR 215.16 billion, up from the end of the previous year valued at IDR 211.07 billion. Total liabilities were recorded at IDR 59.81 billion, up only slightly from the position at the end of last year of IDR 58.53 billion.

"So the total assets we have as of the third quarter of 2023 are Rp274.98 billion, up from the previous year's episode of Rp269.6 billion," concluded Rini.