First Quarter, BEBS Net Profit Soars 522.7%

May 28, 2021 - PT Berkah Beton Sadaya Tbk consistently posted significant net growth. The infrastructure industry company that has been listed on the stock exchange (BEBS:IDX), recorded an increase of up to 522.7% in first quarter 2021 profit.?

In March 2021 report, BBS recorded sales and operating revenues of Rp. 97 billion. The company recorded an increase of 346.58% or Rp 69 billion from the previous year's sales and operating income of Rp 27.9 billion. Established since January 2019, BBS has reported sales and revenue of IDR 110.7 billion in 2020. Operating revenue in 2020 has increased by IDR 95.93 billion or 649.78 % compared to the previous year of IDR 14.76 billion.?

The increase in sales of BBS in 2020 was due to the company’s success in increasing sales of materials by Rp. 86.61 billion and an increase in sales of readymix by Rp. 9.32 billion or 68.70%. Engaged in the fields of industry, construction, wholesale trading and quarrying, BEBS carries out various programs and strategies in effective marketing to maintain and increase the company's revenue in the next period.

In terms of gross profit, BEBS recorded an increase of 1,1148.56% from Rp 2.76 billion in 2019 to Rp 34.47 billion in 2020. BBS also recorded an increase in gross profit per March 2021 of Rp 29.9 billion, an increase of 439.65 % of gross profit per March 2020 amounting to IDR 6.8 billion.?

BEBS also recorded an increase in operating profit financial statements. BEBS operating profit increased by 8,600.61 % from IDR 308.66 million in 2019 to IDR 26.85 billion in 2020. The increase in operating profit was higher than the increase in revenue and gross profit due to the efficiency of the company's expense ratio.?

BEBS's net profit for the year also reported a consistent increase each year. In 2020, BEBS's net profit for the current year increased by 9,297.52 % to Rp. 20.79 billion from the previous year which was recorded at Rp. 219.23 million. The increase in net profit for the current year was due to an increase in operating income.?

BEBS 'current year net profit report as of March 2021 also experienced an increase of Rp 20,953,536,063. Meanwhile, the net profit for the current year as of March 2020 was IDR 4,008,172,583. This is a 522.77% increase or IDR 16,945,363,480.?

?The increase in BEBS profits in a year is reflected positively in the stock market. Trading on the IDX under BEBS, the shares are bullish with a significant upward trend. BEBS shares were included in the TOP 10 Gainers in issuers that supports the infrastructure industry. BEBS shares on the stock exchange is predicted to have promising growth and prospects.

Headquartered in Subang, West Java, BEBS produces readymix and precast concrete, lightweight concrete, asphalt and hotmix. BEBS puts forward the mission to produce the highest quality products and continues to innovate in developing products and improving quality. BEBS is committed to continue to contribute and play an active role in national and global development.