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LISTED COMPANY - JAKARTA. PT Trimegah Bangun Persada Tbk (NCKL), also known as Harita Nickel, reported a 26% increase in revenue to IDR 6.03 trillion in the first quarter of 2024, up from IDR 4.47 trillion in the same period the previous year.
Despite a decline in nickel prices, the company managed to increase its gross profit to IDR 1.62 trillion from IDR 1.57 trillion year on year and operating profit to IDR 1.39 trillion from IDR 1.36 trillion, while also improving operational efficiency, thereby successfully reducing sales, general, and administrative expenses to IDR 373.55 billion.
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NCKL CEO Roy Arman Arfandy stated that Harita Nickel continues to strive forward with strategic initiatives and operational efficiency amidst fluctuating market conditions.
"Our first quarter results reflect our commitment to sustainable growth and our ability to adapt to the evolving industry dynamics," said Roy in an official statement on Wednesday (1/5).
Roy noted that in the first quarter of 2024, Harita Nickel demonstrated resilience and operational excellence by recording significant growth. Despite fluctuating market conditions, the company not only met but also exceeded its production capacity targets.
"This reflects the company's ongoing efforts to enhance efficiency across operations," Roy added.
He further added that Harita Nickel's strong commitment to innovation and operational excellence has enabled the company to not only withstand market challenges but also to continue to grow. The latest initiative involves the development of production facilities that are expected to not only increase capacity but also efficiency, making Harita Nickel a sustainable leader in the industry.
