JAKARTA - The world is facing a situation of high inflation and economic recession. until now Indonesia is still able to maintain economic stability. This is supported by a number of factors, for example Bank Indonesia's policy of trying to maintain economic stability by increasing the benchmark interest rate by 25 basis points to 3.75%.
Responding to the challenge of getting out of an uncertain situation, PT Lautan Luas Tbk remains optimistic that Indonesia will be able to get out of this difficult situation despite the potential threat of high inflation.
Eurike Hadijaya, Investor Relations of LTLS, assesses that the increase in BI's benchmark interest rate at 0.25% is still in line with market expectations, so the impact can still be managed.
“With the performance of the first semester of 2022, we closed with a significant increase in profit, where we managed to increase revenue and maintain profit margins in the midst of various challenges in the global economy which is still slowing. Going forward, we will continue to focus our sales on the food and beverage industry, Personal Home Care and water,” explained Eurike.
In the first half of this year, LTLS recorded revenue of Rp 4.06 trillion, up 32% compared to the same period the previous year of Rp 3.07 trillion. The company's net profit also grew to Rp 181 billion, up 134 percent from the same period the previous year of Rp 77 billion.
To maintain performance in the rest of the year, Eurike explained that LTLS will continue the sustainable performance growth strategy that was launched at the beginning of the year. LTLS also continues to look at the opportunities that exist towards the end of the year. (LM)