UNIQ - PT. Ulima Nitra Tbk

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JAKARTA. PT Ulima Nitra Tbk (UNIQ), a mining equipment and service provider, record net profit of IDR 18.8 billion in the first half of 2023.

UNIQ’s net profit in H1 2023 is equal to 81% of total net profit in 2022. “Looking at how, in the first half, we managed to score IDR 18.8 billion, whereas our target is set to IDR 30 billion until the end of this year,” Ulung Wijaya, Director of UNIQ, mentioned in the information disclosure in Indonesia Stock Exchange (IDX).

Wijaya said that UNIQ’s net profit achievement in H1 2023 is driven by cost efficiency strategies implemented by the company. One of the strategies include the efficiency of diesel fuel cost, as well as acceleration of financing to its vendors.

In addition, UNIQ also acquires more tools, from heavy equipment to excavators, to enhance production capacity. “It rose quite significantly in the first half,” Wijaya mentioned.

With this positive profit trend, UNIQ projects that the revenue may arrive above IDR 500 billion this year. “For the bottom-line sales, we aim to score IDR 500 billion, thus generating approximately 26% increase compared to 2022,” Wijaya added. (KR/ZH)