DRAMA Net Profit Increases 70%YoY in 3Q 2022

By : Nata Kesuma | Sunday, October 30 2022 - 11:10 IWST

PT Dharma Polimetal Tbk (“DRMA”)
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.

 

News Comment

Today's Industry

ALGA

Sabtu, 26 Juli 2025 - 08:54 WIB

ALGA Launches Indonesia's First Eco-Friendly Bedding in Collaboration with Wisewool New Zealand

ALGA Launches Indonesia's First Eco-Friendly Bedding in Collaboration with Wisewool New Zealand

Harman Professional Experience Center, located at Desound Melawai, South Jakarta. (Photo: the Company's PR)

Rabu, 09 Juli 2025 - 08:55 WIB

Indonesia's First Harman Professional Experience Center Opens in Jakarta

PT Inti Megah Swara (IMS Indonesia) announces the grand opening of the country's first Harman Professional Experience Center, located at Desound Melawai, South Jakarta.

One of Apartments offered by Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program

Senin, 09 Juni 2025 - 14:22 WIB

Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program

Savyavasa, a luxury residential development by Swire Properties and JSI Group under PT Jantra Swarna Dipta, in collaboration with Permata Bank, presents a new solution for foreign nationals…

President Prabowo in Thailand

Rabu, 21 Mei 2025 - 10:09 WIB

Indonesia, Thailand Sign MoU on Health Sector, Focusing on Global Capacity, Collaboration

As a part of President Prabowo Subianto’s official visit to Thailand, both countries signed a Memorandum of Understanding (MoU) on health sector, in an effort to strengthen bilateral cooperation…

President Prabowo in Thailand

Rabu, 21 Mei 2025 - 10:06 WIB

Indonesia, Thailand Deepen Cooperation on Security, Trade, and Regional Stability

resident Prabowo Subianto has reaffirmed Indonesia’s strong commitment to deepening bilateral relations with Thailand during the meeting with Thailand’s Prime Minister Paetongtarn Shinawatra…