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Nusantara Infrastructure records IDR 675.1 billion in FY21 revenue

13 May 2022 11:22

JAKARTA - PT Nusantara Infrastructure Tbk (META) posted revenue of IDR675.1 billion in 2021, an increase of 25.4% from the previous year of IDR538.4 billion.

This increase was supported by the toll road sector which contributed 33.8% growth from Rp328.3 billion to IDR439.3 billion. The renewable energy sector also rose 26.9% to IDR155.6 billion.

Meanwhile, the company's net profit last year was recorded at IDR25.7 billion which was driven by an increase in non-recurring items costs in other operating expenses, an increase in amortization expenses as a result of the development of the Company's assets (from IDR79.5 billion to IDR112.9 billion) and an increase in finance costs (from IDR61.6 billion to IDR143.9 billion) for the additional new investment credit of IDR1.5 trillion to PT Makassar Metro Network for the development of the A.P. Elevated Toll Road Pettarani and IDR 375 billion to PT Inpola Meka Energi for the development of the Lau Gunung hydropower plant.

Ramdani Basri, President Director of the Company said as quoted from Kontan, "The company has succeeded in implementing the right strategy and response to the development of external conditions, including carrying out various mitigations such as improving the quality of performance so that it is easier to realize investments and implement a growth strategy through partnerships." (LM)

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