JTPE books IDR 96.5 billion net profit in 2021
JAKARTA - PT Jasuindo Tiga Perkasa Tbk (JTPE) managed to record sales growth and net profit during 2021. The Company's sales increased by around 10% or reached IDR 1.1 trillion in 2021 from IDR 978.6 billion in 2020.
Meanwhile, the Company's net income also experienced a significant increase of around 30% or IDR 96.5 billion. In order to continue business growth, JTPE continues to intensify expansion in the field of digital solutions and security document to capture bigger market opportunities in the following years.
Allan Wibisono, as President Director of JTPE said, “Despite not having fully recovered, the Indonesian and global economy has started moving towards improvement. If we consider that tourist visits abroad have started to increase, this will also increase procurement demands for passports. We are grateful to be able to go through 2021 quite well, even though we know the impact of the Covid-19 pandemic is still being felt today. However, we are optimistic that, in line with national and global economic recovery efforts, JTPE can record even better performance in the following year.”
During 2021, JTPE sales were dominated by the security segment with a contribution of 86% or IDR923.9 billion. Meanwhile, the rest of IDR152.0 billion was sales from the non-security segment. The composition of JTPE sales in 2021 was dominated by domestic sales, with 89%, while the Company's export sales in 2021 has increased by 35%. (LM)