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
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
KRAIBURG TPE to Launch New Automotive Interior Surface TPE Solutions…
Today's Industry

Jumat, 02 Juni 2023 - 17:40 WIB
Huawei ICT Competition 2022-2023 Global Final Held in Shenzhen — 146 Teams from 36 Countries and Regions Win Awards
The Huawei ICT Competition 2022-2023 Global Final concluded in Shenzhen, drawing to a close the seventh installment of this competition.

Jumat, 02 Juni 2023 - 15:50 WIB
CleverTap launches local deployment of its SaaS platform in Indonesia
CleverTap, the leading global B2B SaaS platform for customer engagement and retention, has made its platform available within Indonesia through data centers hosted on Amazon Web Services (AWS),…

Jumat, 02 Juni 2023 - 15:10 WIB
Inaugurated by the President, the Kretek 2 Bridge Strengthens the Java Southern Route
RI President Joko Widodo (Jokowi) inaugurated the Kretek 2 Bridge, Friday (02/06/2023) morning, in Bantul Regency, DI Yogyakarta. This bridge will support the Southern Cross Road (JJLS) which…

Jumat, 02 Juni 2023 - 14:00 WIB
President Jokowi: Pancasila is the Foundation of Indonesia's Success in Facing Global Challenges
In the midst of the global crisis, Indonesia is one of the few countries that has succeeded in maintaining economic, social and political stability as well as controlling inflation, growing…

Jumat, 02 Juni 2023 - 13:30 WIB
President Encourages Acceleration of Electric Battery Ecosystem Development
Indonesian President Joko Widodo (Jokowi) encourages the acceleration of investment realization for the development of the electric car battery ecosystem which will be carried out in the Bantaeng…
News Comment