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
KRAIBURG TPE to Launch New Automotive Interior Surface TPE Solutions…
ASLC Actively Expand by Opening Many Showroom and Offering Attractive…
Opening the GAIKINDO JAW 2023 Automotive Exhibition, Coordinating…
ASLC Successfully Surpasses 2022 Used Car Sales Target via Caroline.id
Keep Optimistic, President Director of ASSA Adds Ownership
Today's Industry

Kamis, 23 Maret 2023 - 19:28 WIB
Index Launch: Remittances Play a Powerful Role in Consumers’ Financial Planning
As global populations navigate macroeconomic headwinds, consumers expect remittances to play an even stronger role in their current and future financial planning.

Kamis, 23 Maret 2023 - 17:41 WIB
Welcoming Ramadan 1444H, Cabinet Secretary: A Month Full of Deep Meaning
Cabinet Secretary (Seskab) Pramono Anung wished Muslims throughout the country a happy fasting month of Ramadan 1444 Hijri/2023 AD.

Kamis, 23 Maret 2023 - 16:30 WIB
Government Sets 1 Ramadan 1444H to Fall on Thursday, March 23 2023
The government determines that 1 Ramadan 1444 Hijriah/2023 AD will fall on Thursday, 23 March 2023. This determination is based on the decision of the Isbat (Determination) Session of the Beginning…

Kamis, 23 Maret 2023 - 14:52 WIB
SAUDIA Group Announces International Expansion With 25 New Destinations in 2023, Connecting the World to Saudi Arabia
Saudi Arabian Airlines (SAUDIA) and flyadeal set course to add 25 new destinations in 2023 on SAUDIA Group Network.

Kamis, 23 Maret 2023 - 08:45 WIB
Crystal IS and Asahi Kasei Announce New Record for Single-Chip Device Output and Immediate Engineering Sample Availability of Their Upcoming 160 mW UVC LED
Asahi Kasei, a diversified Japanese multinational company, and subsidiary Crystal IS have demonstrated their next- generation Klaran single chip UVC LED which emits at 160 mW in the ideal germicidal…
News Comment