MTDL - PT. Metrodata Electronics Tbk

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+5 (+0,75%)

JAKARTA – In line with the target set earlier this year, PT Metrodata Electronics Tbk (MTDL) booked double-digit increase in the solution and consultation unit at the end of the first half of 2023. Meanwhile, the hardware distribution unit was still seen weakening due to low demands post-pandemic.

According to the release by MTDL quoted today (21/7), the solution & consultation unit scored revenue growth of up to 13% year-on-year (yoy) at the end of H1 2023. This surge was supported by significant shift in its cloud services of up to 21% yoy.

However, the distribution unit still struggled to recover from the low demands for notebooks & PCs after the COVID-19 crisis subsides. This unit saw revenue decline by up to 6% yoy. Thankfully, looking at quarter to quarter, the revenue of this business unit scored 18% increase.

“Looking at our significant revenue growth in the second quarter, we are confident that the recovery of digital technology, information, and communication business is underway. We hope that the recovery will continue to take place, allowing MTDL to book significant shift its revenue growth,” Susanto Djaja, President Director of MTDL, mentioned.

As mentioned by the board of directors last May, MTDL is currently focusing on developing its solution and consultation business unit, including the cloud and cyber security services, this year. It is a means to anticipate the shrinking contribution of the distribution unit, as well as the potential of cloud-based services in Indonesia.

Until June 2023, the distribution unit still contributed 71% of MTDL’s total revenue, amounting to IDR 6.9 trillion. Meanwhile, the solution and consultation unit brought in IDR 2.9 trillion of revenue. MTDL’s revenue actually shrank 4% yoy. Thankfully, the net profit managed to show slight improvement of 0.3% yoy to IDR 272.2 billion. (ZH)