TDPM - PT. Tridomain Performance Materials Tbk

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JAKARTA - PT Tridomain Performance Materials Tbk (TDPM) targets to improve EBITDA this year. Last year, the company has a lower EBITDA .

Anton Hartono, Director of PT Tridomain Performance Materials Tbk (TDPM) said that he was seeking an increase in EBITDA by around 20%. "In 2022, due to a 20% decrease, our EBITDA was at around 4 million (unaudited)," he said at the public expose, in Jakarta.

For this reason, he said, his party was also seeking efficiency, especially from substituting raw materials.

With this strategy, it is expected to save more margin by 20%-30%, because the price is going to be 20% lesser.

According to him, his party has a target revenue to increase by 20%, but this target must be realistic given to the Indonesia's economic growth. Because in 2021 and 2022, the company's sales decreased by around 20 (unaudited), even though sales volume was almost the same.

In 2021, the company&'s sales were US$ 79.56 million, down from US$ 198.80 million in 2020. Loss for the year was US$ 78.61 million, up from 2020's loss of US$ 3.45 million. (LK/W)