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META books Rp 1.57 trillion in 2019 revenue

22 April 2020 09:32

JAKARTA - Throughout 2019, PT Nusantara Infrastructure Tbk (META) successfully recorded a positive performance with revenue growth of 101.01% from Rp 781.77 billion in 2018, to Rp 1.57 trillion in 2019.

Factors driving the growth include, among others, an increase (construction revenue) on the construction progress of the A.P. Pettarani elevated toll road in Makassar in 2019 which was higher than in 2018 and an increase in the volume of energy sales through PT Rezeki Perkasa Sejahtera Lestari (RPSL), a subsidiary, because the company acquired RPSL in August 2018.

Deden Rochmawaty, General Manager of Corporate Affairs revealed "Achievements throughout 2019 were optimized through various driving factors such as strengthening strategic policies, increasing business development, and maximizing good financial management. This makes management able to maintain the positive growth rate of the Company's performance, amidst the challenges faced throughout 2019. In addition, management also believes that infrastructure is a long-term investment business sector, or a business sector that takes more than 5 years to achieve sustainable growth.”

While the net profit in 2019 was Rp 205.36 billion compared to Rp 217.08 billion in 2018 or decreased by 5.40%. This decrease was due to the additional profit obtained by the company from KIN divestment in 2018. (LM)

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