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Samudera Indonesia optimistic to complete one acquisition by year-end

18 October 2018 06:35 AM  Company: PT. Samudera Indonesia Tbk[SMDR]
Rp. 298  +4 (1.36%)

JAKARTA. PT Samudera Indonesia Tbk (SMDR) is targetiing one project to be acquired by the end of this year. The results of the acquisition are believed to boost the company's performance next year.

Bani Mualana Mulia, the company's director, said that the finalisation of the acquisition had shifted which was originally expected in the first half of this year to be the last quarter of 2018.

"At the moment it is brighter, we hope that before 2018 the acquisition is completed," he said as quoted by Kontan.co.id, Wednesday (17/10). However,
Mr Mulia was reluctant to specify the details of the acquired company.

What is clear, said Mr Mulia, is that the acquisition effect will be additional benefits from the acquired company. Later in 2019, said Mr Mulia, efficiency will be maximised and the volume in the SMDR port is expected to be optimal.

Previously, SMDR was rumoired to be acquiring a new terminal and developing a terminal that was already operating. For the acquisition of the new terminal the main focus is the eastern region of Indonesia.

In the first quarter of 2018, the company acquired PT Adib Cold Logistics (ACL Cold Chain Logistics) with a value of Rp 115 billion. This acquisition was carried out jointly with JWD Logistics partners from Thailand. PT Adib Cold Logistics is a cold storage business located in Bekasi, West Java. (AM/MS)

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PT. Samudera Indonesia Tbk [SMDR]   Rp. 298   +4 (1.36%)