Recording Profit Increase Despite the Covid-19 Pandemic, TRJA Adds Deputy CEO Position Post-IPO


23 Nov 2020


Dilansir Oleh


TRIBUNKALTIM.CO, BALIKPAPAN – PT Transkon Jaya Tbk (TRJA) has appointed a new Deputy CEO, Trevor Kroemer, at the Extraordinary General Meeting of Shareholders (EGMS) on Thursday (19/11/2020). According to TRJA Corporate Secretary, Alexander Syauta, the appointment of the Deputy CEO is in line with the company’s future development needs, considering the company’s assets have reached approximately IDR 600 billion. “Also, post-IPO expansion focused on the Sulawesi region has made the company’s operations more complex,” said Alex on Monday (23/11/2020). Alex mentioned that in the second week of November 2020, the company based in Manggar Subdistrict, East Balikpapan, has released the financial report for the third quarter of 2020, as of September 30, 2020, with pleasing results. Based on the company’s financial report, TRJA recorded a year-on-year (YoY) profit increase of 9.56% in the third quarter of 2020, reaching IDR 34.38 billion. Meanwhile, the company’s revenue jumped from IDR 301.77 billion to IDR 306.67 billion at the end of September 2020. The company’s cost of goods sold and operating expenses each recorded an increase of IDR 3.43 billion (YoY) and IDR 5.71 billion (YoY). However, there was a decrease in bank expenses by IDR 57.78 million compared to IDR 115.87 million in September 2019. “The increase in assets, revenue, and profit compared to 2019 shows that the company is in a strong and good condition and is in line with the expected targets,” concluded Alex.


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