JAKARTA – PT Sat Nusapersada Tbk (PTSN) obtains a banking facility worth USD 11.5 million for business expansion.

Abidin Fan, President Director of Sat Nusapersada, mentioned that said facility will be used to purchase a surface-mount technology (SMT) machine along with its ancillary devices. “It is to support enhancement of the production capacity that requires assembly from complete knock-down (CKD) products,” he said in the information disclosure quoted Thursday (2/3).

The facility had been secured from  PT Bank Mandiri (Persero) Tbk (BMRI) yesterday (28/2). With this credit, PTSN’s liquidity improves, despite additional interest expenses that will incur monthly.

Until September 2022, PTSN recorded short-term bank loans of USD 1.5 million. Its revenue reached USD 108.98 million, declining from USD 113.70 million in 2021. Thankfully, its current year’s net profit rose from USD 4.21 million to USD 5.80 million. (LK/ZH)