JAKARTA. PT Trans Power Marine Tbk (TPMA) manages to attain a 34% year-on-year (yoy) growth of net profit in the first half of 2021 to USD 2..19 million from USD 1.63 million reported in H1 2020.
It is contrasting to its revenue that declines 11.39% yoy to USD 19.61 million in H1 2021. Meanwhile, this company, which operates in the transportation sector, used to score USD 22.13 million in revenue in the same period last year.
In its recently published financial report, TPMA tries to maintain its net profit growth in H1 2021. It is indicated by the efficiency in its direct costs of 16% yoy. Its financial cost is also reduced by 26%, while the foreign currency exchange loss is cut back by 37% yoy.
TPMA’s total assets are reported to climb 0.9% to USD 104.7 million in June 2021 from USD 103.76 million reported in December 2020. However, its liability swells 10.23% to USD 29.5 million by the end of H1 2021 from USD 26.76 million by the end of December 2020.
According to idnfinancials.com, 57.74% of TPMA is under the control of PT Dwitunggal Perkasa Mandiri. PT Ascend Bangun Persada owns another 23.21%, Standard Chartered Bank SG PVB 6.79%, and public investors share the remaining 12.26%. (KR/ZH)