Home / Directory / List News / Detail News

Petrosea Capital Expenditure (PTRO) increased 30% from Last Year

www.investasi.kontan.co.id

Tue 17 Jan 2023, 15:12 PM

Share

Events

PT Petrosea Tbk ( PTRO ) is optimistic that in 2023 its performance will grow. Petrosea closed 2022 with solid performance and managed to bag a total contract value of US$ 1.6 billion or equivalent to Rp. 24.8 trillion. In addition, in December 2022 Petrosea managed to record a market capitalization value of IDR 4.38 trillion.

"Year 2023 with full of optimism thanks to the implementation of the diversification strategy as a key pillar of the Company to continue to develop value propositions for all shareholders and stakeholders," said Haji Romo (Robert) Nitiyudo Wachjo who is Petrosea's main shareholder in an official statement, Tuesday (17/17). 1). President Director of Petrosea, Romi Novan Indrawan said, by the end of 2022, Petrosea had managed to pocket a total contract value of approximately US$ 1.6 billion or equivalent to Rp. 24.8 trillion.

"It is a concrete manifestation of business expansion and diversification strategies to maintain business continuity, including becoming more cost effective and recording higher profit margins," he said. To support its business expansion and diversification strategy, Petrosea has prepared a budget for 2023 which has increased by around 30% from the previous year. In facing future challenges, in 2023 Petrosea will accelerate various change management initiatives as a form of implementation of operational excellence and continuous improvement in all operational areas of the Company.

Petrosea is fully committed to prioritizing the implementation of good governance (GCG), environmental, social & governance (ESG) aspects, as well as the principles of sustainability by utilizing the latest digital technology through the Minerva Digital Platform which is proven to increase the productivity and efficiency of Petrosea's operational activities.

Source: https://investasi.kontan.co.id/news/belanja-modal-petrosea-ptro-tahun-ini-naik-30-dari-tahun-lalu

Advertisement

Relate News

News
19 Dec 2023, 08:00 AM

President Joko Widodo Emphasizes Added Value for Indonesia at Inauguration PT Smelting Expansion

BPMI Setpres
2730 Views
News
06 Aug 2024, 09:09 AM

Australian nickel company BHP eyes investment opportunities in Indonesia

BHP
1737 Views
News
29 Sep 2022, 09:30 AM

RI-South Africa explore cooperation in the energy, downstream and automotive sectors

www.idnfinancials.com
3043 Views
News
12 Oct 2023, 12:00 PM

Bayan Group's subsidiary, PT Fajar Sakti Prima,Wins Good Mining Practice Awards

CNBC Indonesia TV
2939 Views
Hello! We would like to talk to you.Please fill the details below to start chatting with us.