Thanks to BBM Sales, AKR Corporindo's Revenue Increased by 107%

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Reza Pahlevi 26/07/2022 12:00 WIB

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AKR Corporindo recorded total revenue of Rp22.1 trillion in the first half of 2022.

AKR Corporindo Net Income and Profit/Loss (Semester I 2021 vs 2022)

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Thanks to BBM Sales, AKR Corporindo's Revenue Increased by 107%

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AKR Corporindo Net Income and Profit/Loss (Semester I 2021 vs 2022)

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PT AKR Corporindo Tbk, a chemical and oil and gas trading company, reported growth in both revenue and net profit in the first half of 2022. This growth was primarily driven by the company's fuel sales.

The company, with the stock code AKRA, recorded total revenue of Rp22.1 trillion in the first half of 2022. This represents a 107% year-on-year (YoY) increase from Rp10.71 trillion in the first half of 2021.

Fuel sales contributed the most to revenue, reaching Rp16.86 trillion. This represents a 121% YoY increase from Rp7.64 trillion.

The revenue growth also boosted net profit, which reached Rp955 billion in the first half of 2022. This is a 74% YoY increase from Rp550 billion.

AKR also recently announced a dividend payout of Rp572 billion for the 2021 fiscal year. This represents 51.5% of the net profit recorded last year.

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Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."