Samudera Indonesia (PT Samudera Indonesia Tbk/SMDR) booked revenue of US$ 672.91 million last year 2021, a 37.09% increase year on year (y-o-y), thanks to high market growth during the year and better freight rate during the year.
Such high revenue made Samudera to enjoy high gross profit and fantastic net profit, though the expense due to increasing operating cost also increased.
Samudera’s expense for the year reached US$ 483.08 million, increasing 13.76% y-o-y, from US$ 424.62 million. But, Samudera still enjoyed a high increase in gross profit by 186.66%, to US$ 189.83 million, from US$ 66.22 million in 2020.
Its net profit meanwhile increased very fantastic to US$ 93.04 million, from net loss of US$ 3.34 million in 2020.
Samudera Indonesia expects for a higher revenue this year as the market seems promising. Samudera Indonesia President Director Bani Maulana Mulia said that the company targeted to create revenue of over US$700 million this year.
“We also target to reach net profit better than last year,” Bani said in public expose today (March 31).
“We are so optimistic in view of the momentum of economy recovery and the increasing demand,” he added.
Moreover, in the first two months of this year (January-February) the company has created revenue of US$ 159.32, increasing 112.28% from the same period last year.
Bani affirmed that the company will continue to add more new vessels in view of the increasing demand. “Now, the demand is still exceeding the capacity (supply). We continue to increase capacity,” he said.