JAKARTA. PT Tera Data Indonusa TBk (AXIO), the manufacturer of Axioo laptops, will work on enhancing its sales this year after collecting fresh funds of IDR 145.62 billion during its initial public offering (IPO).
Michael Sugiarto, President Director of AXIO, claimed that the demand for laptops are currently on the rise, considering the trend of digitalisation that occurred simultaneously in different sectors. “Currently, the utilisation of information and communication technology in industries are mandatory for development,” he stated in the official press release.
Putting this peaking demand into consideration, AXIO will allocate 90% of the IPO proceeds, equivalent to IDR 131 billion, for the working capital. It includes covering operational expenditures, such as purchasing raw materials for components and spareparts and establishing a distribution channel.
Meanwhile, the remaining 10% of IPO proceeds or IDR 14.62 billion will be allocated to the capital expenditure, which translates into handling warehouse and production facilities expansion, as it is believed to be the key to boost the efficiency of the company’s production.
Sugiarto also added that AXIO has now become a vertically integrated company, from the principal members to its master dealers. This integration will put the company above its competitors. “We could decide on more efficient maneuvers compared to our competitors as they are controlled by one entity,” he explained.
For the record, AXIO reported a massive proliferation in its net profit, 1,056% year-on-year (yoy) higher in 2021 to IDR 135 billion. This massive growth resulted from the surge in notebook and laptop demands following the new normal of COVID-19 pandemic. (KR/ZH)