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