Hexindo Adiperkasa Profits USD 55.08 Million

 

In the first quarter of 2022, PT Hexindo Adiperkasa Tbk (HEXA) recorded a net profit for the year of US$ 55.08 million, an increase of over 100% compared to the same period in 2021. In line with that, revenue growth of US$ 463.26 million quarterly I 2022, up 75.47% compared to US$ 264.01 million in the first quarter of 2022. This information was conveyed by the company in a financial report released in Jakarta, yesterday.

It is said that Hexindo’s sales growth was contributed by heavy equipment sales to third parties. During the first quarter of 2022, the increase in sales of heavy equipment to third parties rose 110.07% to US$ 285.84 million from the previous US$ 136.07 million. This was followed by sales of spare parts to third parties of US$ 107.32 million or 57.02%.

Meanwhile, related parties contributed US$ 1.47 million from the previous US$ 607 million, third party maintenance and repair services were recorded at US$ 66.12 million, an increase of 12.30%. Meanwhile, related parties were US$ 145.53 million compared to the same period in the first quarter of 2021. Then, third party heavy equipment rental services rose 81.82% to US$ 2.30 million, while the same quarter the related parties did not provide income compared to the same period. quarter 2021.

Cost of income during the same period amounted to US$ 346.86 million, also up 78.30% from the previous US$ 194.54 million. In detail, the selling expense of heavy equipment was recorded at US$ 245.48 million, spare parts selling expense of US$ 67.22 million, maintenance services of US$ 32.85 million and heavy equipment rental service of US$ 1.29 million. Thus, the gross profit recorded was US$ 116.40 million.

Several other expenses were also recorded to increase such as selling expenses of US$ 22.01 million from the previous US$ 15.96 million, general and administrative expenses of US$ 24.89 million from the previous US$ 22.40 million, other expenses also increased of US$ 1 .32 million from 1.98 million from the same period the previous year. These positive notes succeeded in increasing basic earnings per share to US$ 0.066 per share from US$ 0.030 per share. Meanwhile, the company’s total assets as of March 2022 were recorded at US$ 304.64 million, an 18.90 percent increase from US$ 256.22 million.

Source: https://www.neraca.co.id/article/165050/hexindo-adiperkasa-cetak-laba-us-5508-juta