PT AKR Corporindo Tbk, a leading logistics and supply chain company, is engaged in the trading and distribution of Petroleum and Basic Chemicals with extensive network of liquid bulk and dry bulk storage, transportation facilities, and port operations.
In the middle of high logistics cost in Indonesia, PT AKR Corporindo Tbk offers innovative and cost-efficient logistics and supply chain solutions. AKR is ready to support industrial development in Indonesia and is now developing large Integrated Industrial Estate and Port Facilities in East Java which will provide logistics, energy, and infrastructure solutions to Industries investing in Indonesia.
AKR is committed to continuously growing in a sustainable manner to create value for all stakeholders.
With the strength of the Company’s logistics infrastructure and disciplined risk management, we delivered positive performance despite many challanges faced by the company during COVID-19 Pandemic and the disruptions to the global supply chain as countries reopened their economies. AKR delivered a commendable performance in 2021, with strong Net Profit growth of 20% reaching Rp1.112 billion. Our achievement was also driven by consistent growth in the core business and increasing contributions from new businesses developed with partners. We also successfully managed operating expenses, working capital, and capital structure so our profitability margins improved. Our balance sheet and cashflow were remaining strong in 2021, our gearing ratio went down to 2%. In addition to financial achievements, the Company also places Environmental, Social, and Governance (ESG) as its main concerns. We believe that sustainable growth can only be realized if we are able to strive to increase our contribution to support nation's economic growth according to our capacity.
An overview of AKR’s current financial situation across all of its key performance indicators.→ Continue Reading
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