JAKARTA - PT Superkrane Mitra Utama (SKRN) managed to score Rp 554 billion of revenue in the first nine months of this year. This achievement increased by 23.1% on an annual basis compared to the same period last year of Rp 450 billion.
Along with the increase in revenue, the company's gross profit in the third quarter also rose 19.45% yoy. In addition, net profit also rose 35% from Rp 80 billion in 3Q2018 to Rp 108 billion in 3Q 2019.
Yafin Tandiono Tan, President Director of Superkrane, said that the revenue increase in 2019 was supported by government infrastructure projects. In addition, the company also received a project from BP.
For information, this year, Superkrane allocates capital expenditure (capex) of Rp 70 billion. Whereas the capital expenditure for next year will be in the range of Rp 150 billion, which will be used to purchase new equipment. (LM)