ALDO Books 31% YoY Net Profit Increase in 1st Semester 2022
By : Nata Kesuma | Monday, August 01 2022 - 11:18 IWST

PT Alkindo Naratama Tbk (“ALDO”)
INDUSTRY.co.id - Jakarta, August 01, 2022 – PT Alkindo Naratama Tbk (“ALDO”), a listed company engaged in the integrated paper and chemical business, posted a net profit of IDR39.31 billion in the first half of this year, increase 31% from IDR30.05 billion in the same period the previous year.
This significant increase in net profit was supported by an increase in net sales and the Company's success in reducing selling expenses, general and administrative expenses, as well as other operating expenses.
In the period, ALDO's net sales were at IDR767.22 billion, an increase of 15% from IDR669.85 in the same period in 2021. The total sales were derived from sales of the paper sub-sector, which increased 12% YoY to IDR498.78 billion, and sales of the chemical sub-sector which increased by 20% YoY to Rp 268.44 billion.
The Company succeeded in cutting costs by reducing expenses of selling, general and administrative to IDR83.22 billion in 1st Semester 2022, from IDR86.30 billion in 1st Semester of the previous year.
"This positive performance achievement is driven by various continuous innovations in ALDO's business so that some costs can be reduced, and of course, the main thing is our success in increasing sales," said ALDO's President Director, H. Sutanto.
The company, which is committed to developing green products and green processes in its business, last month received green financing from PT Bank Central Asia Tbk (“BCA”) of around IDR472 billion through its subsidiary PT Eco Paper Indonesia (“ECO”). The green financing is a form of BCA's support for businesses and investments in the circular economy segment, which is the core business of the ALDO’s subsidiary, namely the production of recycled paper.
ALDO uses recycled paper produced by ECO to produce a wide range of convertible paper products with an environmentally friendly concept. This initiative makes recycled paper valuable for use in various products. Brown paper such as kraft liner, eco board, and core board are the main products of ECO which are the raw materials for the conversion paper industry.
Read Also
ALDO Strengthens PT Eco Paper’s Business of Recycled Brown Paper…
ALDO Remains Confident in Business Potential to Seize Opportunities…
ALDO Books Sales of IDR 1.40 trillion, Net Profit of IDR 65.76 billion…
Earning Profits While Protecting the Environment, ALDO Processes…
Serving Many Global Corporate Clients, SMKL Continues to Improve…
Today's Industry

Rabu, 04 Oktober 2023 - 09:50 WIB
Mrs. Iriana and OASE KIM Test the Whoosh Fast Train
Mrs. Iriana Joko Widodo together with a number of members of the Advanced Indonesian Cabinet Era Solidarity Action Organization (OASE KIM) left for West Java Province, on Tuesday (03/10/2023).

Rabu, 04 Oktober 2023 - 08:40 WIB
President Jokowi: Korpri is a big force that determines the nation's progress
Indonesian President Joko Widodo (Jokowi) emphasized that with 4.4 million members, the Indonesian Civil Service Corps (Korpri) is a major force determining the nation's progress.

Rabu, 04 Oktober 2023 - 07:15 WIB
Commemoration and Collaboration: 78 years of Indonesia’s Independence, 10 years of Indonesia-Viet Nam Strategic Partnership
Hanoi, Viet Nam - More than 500 guests, including government officials of Viet Nam and ambassadors, attended the commemoration of the 78th anniversary of the Independence Day of the Republic…

Rabu, 04 Oktober 2023 - 06:15 WIB
Thousands Attend, Enliven Establishment of Amigos de Indonesia in Colombia
Thousands attended the establishment of Amigos de Indonesia / Friends of Indonesia in Colombia, which began with the performance of the national anthem Indonesia Raya.

Selasa, 26 September 2023 - 07:45 WIB
ESSA Secures Gas Contract Extension for LPG Refinery
PT Surya Esa Perkasa Tbk. (ESSA: IJ), a publicly listed company engaged in the Energy and Chemical sectors through its LPG (Liquefied Petroleum Gas) refinery and Ammonia plant today (22/9) announced…
News Comment