CONSISTENT GROWING TRIPLE DIGIT, BEBS NET PROFIT INCREASED 103% YEAR ON YEAR

Subang, 31 May 2022 - PT Berkah Beton Sadaya Tbk (stock code “BEBS”) was able to consistently increase net profits and consistently posted a triple-digit profit increase Year on Year (YoY). In the financial statements of March 31, 2022, the company engaged in the integrated construction industry recorded a net profit of Rp 42.7 billion, an increase of 103% compared to March 31, 2021.

The increase in BEBS sales in March 2022 was influenced by the company's YoY performance, which managed to increase sales by 91% or to 185.7 billion. BEBS gross profit increased by 96% to 58.7 billion from 29.9 billion in March 2021. BEBS also recorded a skyrocketing increase in profit before tax. Profit before tax increased to IDR 54.7 billion or 101% compared to March 2021 of IDR 27.2 billion.

In March 2022, BEBS Assets increased compared to December 2021 by 10% or Rp. 70.2 billion to become Rp. 798.9 billion in March 2022. Cash and cash equivalents increased by 56% to Rp. 40.9 billion in March 2022 compared to December 2021 of Rp 26.3 billion.

The President Director of BEBS, Hasan Muldhani, is optimistic that there will be significant revenue growth in 2022, considering that in early January 2022 BEBS acquired a contractor company that automatically produces materials such as stone and sand as well as derivative products such as concrete and precast owned by the Company which will be used by the contractors themselves so that the profit margin will be increased. better. "We are optimistic that we will continue to achieve triple-digit growth in line with our participation in infrastructure projects, both as suppliers and contractors," Hasan said.

Hasan also said, with significant profits and cash reserve growth, BEBS is ready to expand and maintain triple-digit growth for the following years. "This profit growth will provide benefits for all stakeholders, especially government revenues and dividends for shareholders," Hasan continued.

In Indonesia, the beginning of 2022 saw an economic improvement marked by the rapid development of growth reaching 5.2%. In this case, it appears that the government is committed to maintaining economic recovery from both the supply and demand sides. Meanwhile, in the construction sector, analysts predict growth will be supported by infrastructure development projects financed by the government and the private sector.