PT Dana Brata Luhur Tbk (TEBE) is optimistic that it can carve a brilliant performance in 2023. This will be supported, among other things, by the demand for coal which is expected to remain strong this year, due to the country's rapid economic growth. requires coal such as China, India and Europe is quite high.
Main Director of TEBE, Dian Heryandi said, the company targets this year's revenue to grow by around 10% to 15%. "Revenue growth will be driven by, one of the reasons, this year's coal transport volume is targeted at 12 metric tons (MT) or an increase from the previous year which was only 10 million MT," he said in Jakarta, Thursday (3/8).
To achieve this target, Chief Financial Officer (CFO) Dana Brata Luhur Yudo Wijayanto added, the company has budgeted capital expenditure (capex) of IDR 19 billion this year and currently, the company's realized capital expenditure has reached 95% of the budgeted . "We have allocated part of the funds to upgrade the conveyor line-4," he said.
He conveyed, previously not using a conveyor now using a conveyor with a capacity of 2,000 MT per hour. This is expected to be the backbone of the company which will be able to increase TEBE revenue. Then the funds are also used for the addition of stockpile land and the addition of a fleet or trucks.
Yudo also said that the company had held an extraordinary general meeting of shareholders (GMS). The approved agenda is a change in management, namely a reshuffle in the TEBE board of commissioners. In this case, Samsul Hidayat officially resigned from his position as Independent Commissioner at TEBE. "Mr. Samsul Hidayat has been appointed to be the Managing Director of PT Kustodian Sentral Efek Indonesia (KSEI). So based on the Exchange rules, we have to appoint a replacement. In this case, Mr. Uriep Budi Prasetyo. Coincidentally, Mr. Uriep is also the Ex-Director of KSEI," he concluded.
Previously, the company saw the prospect of coal commodities going down slightly. The price of this energy commodity is also projected to decline from last year. This condition will certainly affect the performance of TEBE. However, the company remains optimistic about its financial performance. It was stated, this year's TEBE revenue projection is at IDR 850 billion, up 8.72% from last year's realized revenue. Meanwhile, net profit is expected to reach Rp 360 billion, up 10.61% from last year's realization.
In addition, the company also stated that China's coal consumption is expected to increase in 2023. Likewise, demand from India. This is driven by the demand for electricity and the demand in the industrial sector which is still quite high from the country. Meanwhile, European coal demand remains uncertain, given the still volatile situation regarding Russian gas flows.
Thus, this still provides a sizable opportunity for Indonesia, in this case the coal mining industry, to increase the faucet of coal exports to the country.
Image source: KONTAN/Akhmad Suryahadi
Image source: KONTAN/Akhmad Suryahadi
