DRMA Again Records Increase in Net Profit Up to Double Compared to Last Year in 3rd Quarter-2023
By : Nata Kesuma | Thursday, October 26 2023 - 13:15 IWST

PT Dharma Polimetal Tbk (DRMA)
INDUSTRY.co.id - Jakarta, 25 October 2023 – Indonesia's leading automotive component manufacturing listed company, PT Dharma Polimetal Tbk (DRMA) booked a net profit attributable to the parent entity of IDR 519.4 billion in the third quarter of 2023, or a jump of 107.8% YoY.
Meanwhile, gross profit was at IDR 770.8 billion, an increase of 90.8% YoY.
This significant increase in profit was supported by the Company's sales of automotive components which increased 59.7% YoY to IDR 4.3 trillion. DRMA sales continue to grow in line with the Company's success in gaining component manufacturing trust from new clients.
"DRMA's competency in producing automotive components continues to increase, as evidenced by our success in gaining the trust of new clients to produce components for their automotive products. The use of components produced by DRMA by various large automotive companies is a prove that the quality standards of our components are recognized by the international market. And currently, we are enjoying the fruits of DRMA's consistency in maintaining the quality of this production, namely a significant increase in sales and net profit," said President Director of Dharma Polimetal Tbk, Irianto Santoso.
This strong sales growth was mainly contributed by sales of the two-wheeled vehicle segment which grew 53.9% YoY to IDR 2.2 trillion, then sales of the four-wheeled vehicle segment which grew 78.3% YoY to IDR 1.4 trillion, and followed by segment sales others consisting of fastener, three-wheeled vehicles, others which reached IDR 610.2 billion or grew 44.6% YoY.
"The success of achieving this satisfying performance is the result of the Company's hard work and consistency in fulfilling orders in an impressive manner. We always ensure that the components produced by DRMA are of the best quality and are always delivered on time, at competitive prices," added Irianto Santoso.
Read Also
Cipta Perdana Lancar Ready to Expand and Diversify for Sustainable…
Electric Cars are Indonesian Automotive Industry’s Future, President…
Minister of Industry Agus Optimistic 2024 Indonesia's Manufacturing…
Manufacturing Still Accounts for Lion’s Share of Exports: Industry…
Buy ASLC Shares, Get the Largest Vehicle Auction Business in Indonesia,…
Today's Industry

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…

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…

Selasa, 20 Mei 2025 - 12:44 WIB
Boediman Widjaja's Technology Ready to be Adopted in Jababeka Industrial Estate (KIJA)
In an exclusive seminar entitled "A Great Step: Boediman Widjaja Story - Going from Indonesia, Thriving in Singapore" held at the President Lounge, Menara Batavia, Boediman Widjaja, Founder…

Jumat, 02 Mei 2025 - 10:46 WIB
Binawan and Government Support Indonesian Nurses in Europe through Scholarships
In the midst of the viral #KaburAjaDulu hashtag as a symbol of the young generation's disappointment with domestic working conditions, Binawan responded with real action: dispatching Indonesian…

Jumat, 28 Maret 2025 - 22:21 WIB
SUNeVision Initiates MEGA IDC Phase Two Development
SUNeVision, the technology arm of Sun Hung Kai Properties (SHKP), today announced the commencement of construction for Phase Two of MEGA IDC in Tseung Kwan O. As Hong Kong's largest data centre…
News Comment