DRAMA Net Profit Increases 70%YoY in 3Q 2022
By : Nata Kesuma | Sunday, October 30 2022 - 11:10 IWST

PT Dharma Polimetal Tbk (“DRMA”)
INDUSTRY.co.id - Jakarta, 27th October, 2022 – PT Dharma Polimetal Tbk (“DRMA”), a listed company engaged in automotive component manufacturing business posted a net profit attributable to owners of the parent company of IDR249.94 billion in the third quarter of 2022, a 70% jump from IDR146.94 billion in the same period the previous year.
The increase in net profit was supported by sales which increased 28% YoY to IDR2.66 trillion from IDR2.08 trillion. Meanwhile, the cost of goods sold increased by 29% YoY, from IDR1.75 trillion to IDR2.25 trillion.
The demand for components from automotive manufacturers continues to increase in line with the increase in car sales in Indonesia. According to the Gaikindo report, in the January- September 2022, total car sales in Indonesia reached 758,216 units, growing 21% over the same period the previous year of 627,537 units.
"The revival of automotive sales as seen in the growth of national car sales, has made the demand for automotive components produced by DRMA also continue to increase. Hopefully the recovery of the national automotive industry can continue," said President Director of Dharma Polimetal, Irianto Santoso.
Looking at January-September’s sales growth and net profit, the Company is optimistic that it will be able to exceed the sales growth target of 20% and net profit growth of 50% this year.
Read Also
ASLC Optimistic Car Auctions Will Surpass 38,500 Units this Year,…
New Energy Electric Vehicles in Gangbei District of Guigang City…
Increasing Accessibility of Electric Vehicles for Bank Mandiri Customers…
Government Launches Incentives to Purchase Four-Wheel Electric Vehicles…
Expansion Pays Off, ASLC Revenue Surges 170% in 2022
Today's Industry

Kamis, 14 September 2023 - 15:15 WIB
INOV Poised to Absorb PET Recycling Market Potential
The prospects of PT Inocycle Technology Group Tbk ("INOV") a public company in the field of recycling plastic (PET) bottle waste into Recycled Polyester Staple Fiber (Re-PSF), looks bright for…

Senin, 11 September 2023 - 09:07 WIB
Indonesian Cuisine, Cultural Performances Enliven Gala Dinner of 43rd ASEAN Summit
President Joko “Jokowi” Widodo and First Lady Iriana Jokowi hosted a gala dinner for leaders of ASEAN member states, partners, and international organizations at Hutan Kota restaurant in…

Senin, 11 September 2023 - 07:45 WIB
ASEAN, UN to Enhance Cooperation in Maintaining Regional Peace
On the margin of the 43rd ASEAN Summit, President Joko “Jokowi” Widodo Thursday (09/07) hosted Secretary-General of the United Nations António Guterres in a bilateral meeting at the Kakatua…

Senin, 11 September 2023 - 06:40 WIB
Indonesia, Japan Agree to Raise Partnership Status to Comprehensive Strategic
Indonesia and Japan have agreed to raise the partnership status of the two countries to strategic comprehensive, President Joko “Jokowi” Widodo has said.

Selasa, 05 September 2023 - 09:45 WIB
Aggressive Tactics Boost Brand Awareness, CLEO Achieves Record- Breaking Sales in First Half 2023
The increasing public activity post pandemic has opened up opportunities for business growth in the consumer goods product for bottled drinking water (AMDK), which is better known as "CLEO",…
News Comment