GREAT PERFORMANCE IN 2021, BEBS’S NET INCOME RECORD A 430% INCREASE YEAR ON YEAR

Subang, January 28, 2022 - PT Berkah Beton Sadaya Tbk (BEBS:IDX) recorded an increase in net income in 2021 and consistently posted a triple-digit increase in income year on year (YoY).  In the audited fi-nancial report for the year ending December 31, 2021, BEBS recorded a net income of Rp. 89.4 billion, an increase of 430% compared to December 31, 2020.

Quoted from the information disclosure of the Indonesia Stock Exchange (IDX), BEBS rec-orded a revenue of Rp 459.4 billion, an increase of 315% compared to the same period in the previous year of Rp 110.6 billion.  The Company's revenue consists of sales of materials and ready mix.

BEBS recorded an increase in cost of goods sold in 2021 to Rp 231.3 billion compared to the same period the previous year.  Gross profit rose to Rp 151.8 billion from the previous Rp 34.4 billion.  General and administrative expenses rose to Rp 9.3 billion from the previous Rp 5.9 billion.  Meanwhile, the financial costs fell to Rp 1.1 billion from the previous Rp 2.1 bil-lion.

BEBS also recorded an increase in profit before tax. BEBS' profit before tax increased from IDR 26.4 billion in December 2020 to IDR 141.3 billion in December 2021. BEBS recorded an increase in total assets of IDR 1.1 trillion compared to 2020 of IDR 406 billion.

Hasan expects a significant growth in revenue in 2022, considering that in early January 2022 BEBS acquired a contractor company, where the material such as stone and sand, as well as concrete and precast owned by the Company, will be used directly by the contractor.  The  revenue target for the BEBS contractor division’s is a minimum of Rp 1 trillion in 2022. “We are optimistic that we can achieve it this year.  The MoU on the housing projects is worth 1.3 trillion in mid-January and the project will further expand and include commercial projects, increasing the value of the project value. This does not include the potential value of other projects," Hasan finished.

In 2022, one of the government's efforts to revive the Indonesian economy is to continue and increase infrastructure projects in 2022. This is a positive outlook and a breathe of fresh air for contractor companies and the infrastructure supporting industries.  "This will kickstart new and old projects to improve and develop the infrastructure landscape, resulting in high de-mand for the construction sector and related materials," concluded Hasan.

Hasan also said, with significant profits and cash reserve growth, BEBS is ready to expand and maintain triple digit growth for the following years.