Show Consistent Performance in 2017, MPMX's Main Profit Grows Up To 16 Percent

By : Hariyanto And Aldi Firhand. A | Monday, April 09 2018 - 20:04 IWST

Motor vehicle industry
Motor vehicle industry

INDUSTRY.co.id - Jakarta - PT Mitra Pinasthika Mustika Tbk (MPMX) Indonesia's smart mobility company announced a 16% increase in primary profit, and a 6.6% increase in net profit to Rp 384 billion, resulting from better cost leadership initiatives and productivity from children its main endeavor.

At the same time, the Company experienced sales of 2W and 4W products that were slower than expected resulting in lower revenue. The Company's revenue reached Rp 16.1 trillion, down 3.1% for the financial year ended December 31, 2017.

Rudy Halim, Group Chief Executive Officer of MPM explains 2017 is a dynamic and challenging year for MPMX. Apart from the challenges faced, especially in the first half of 2017, the Company is responding wholeheartedly and still generating positive growth.

"We consistently ensure key factors in operations that are cost leadership, productivity improvements and positive growth of operational cash flow, are implemented continuously and sustainably Looking ahead, we have also launched a new business model that we expect to make the transformation in business of the Company as a whole and simultaneously improve the Company to the next stage in the next 2-3 years. We are very eager to find new 'S-curve' for
MPM. "Rudi said.

Other important things for the Company in 2017 include some corporate actions taken to develop company value on all fronts. The success of the 20% divestment of MPMFinance shares in April, refinancing the Bonds with Club Deal arranged through 8 banks in September, and interim dividend payments of Rp 105 / share as a result of the AGM's Extraordinary AGM approval in October.

News Comment

Today's Industry

Genetech Biotechnology, the exclusive distributor of Citrea

Selasa, 18 Januari 2022 - 23:20 WIB

Genetech Biotechnology Launches Four Exclusive Promo Bundles For Citrea In Celebration Of Chinese New Year

Genetech Biotechnology, the exclusive distributor of Citrea, launches four exclusive promo bundles to celebrate Chinese New Year. The four bundle sets, The Prosperity Bundle, The Pampering Duo,…

The International Labour Organization (ILO)

Selasa, 18 Januari 2022 - 22:50 WIB

ILO downgrades labour market recovery forecast for 2022

he International Labour Organization (ILO) has downgraded its forecast for labour market recovery in 2022, projecting a deficit in hours worked globally equivalent to 52 million full-time jobs,…

Check Point Software Technologies (Images by Acclaim)

Selasa, 18 Januari 2022 - 22:10 WIB

New Requirements in the Wake of Omicron have led to Increased Dark Market Activity Around Fake Covid Certificates

Check Point Research has warned of a resurgence in counterfeit test and vaccination certificates amid a new wave of infections driven by the Omicron variant of COVID-19. Forged certificate vendors…

DBS Bank Ltd.

Selasa, 18 Januari 2022 - 21:37 WIB

DBS Bank tops Debtwire Asia Pacific (ex Japan) Loans League Table for Green and Sustainability-Linked Mandated Lead Arranger

DBS Bank has ranked first in Debtwire’s Asia Pacific (ex Japan) loans league table for its role as Green and Sustainability-Linked Mandated Lead Arranger (MLA) for the full year 2021. This…

Check Point Software Technologies (Images by Acclaim)

Rabu, 12 Januari 2022 - 20:47 WIB

Check Point Research: Cyber Attacks Increased 50% Year over Year Highlights

In Q4 of 2021 there was an all-time peak in weekly cyber-attacks per organisation, counting over 900 attacks per organisation.