PT TBS Energi Utama Tbk’s Post

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📢 We are thrilled to announce the outstanding financial performance of PT TBS Energi Utama Tbk (IDX: TOBA) in the fiscal year 2022, which has significantly boosted investor confidence in our transition to renewable energy. Our revenues reached an impressive USD 635.8 million, marking a remarkable 34.7% increase compared to the previous year. Moreover, we achieved a net profit of USD 93.9 million, reflecting a substantial 43.1% growth. This positive financial position enables us to further strengthen our presence in renewable energy projects and the development of electric vehicle ecosystems. At our recent Extraordinary General Meeting of Shareholders (EGM), we received approval to distribute dividends of USD 6.9 million to our esteemed shareholders. 💪 During a media conference following the Annual General Meeting of Shareholders (AGM) and EGM, our Director, Juli Oktarina, highlighted our continued financial growth amidst the challenging global financial market conditions of 2022, particularly as we navigate our transformation towards green energy. Juli emphasized our unwavering commitment to this transformation, as evidenced by our clear strategic roadmap and business diversification toward environmentally friendly investments. Alongside our sustained financial performance, we have taken significant steps to reinforce our Good Corporate Governance (GCG) practices, ensuring a successful transformation towards our Towards a Better Society 2030 goals. 🌍 In 2022, TBS achieved several noteworthy milestones, including positive financial performance, progress in green energy projects, and successful diversification of funding sources through bond issuance in the Capital Market. We are proud to have initiated the bond issuance in 2022, which was listed on IDX at the beginning of 2023. Moreover, our launch of the Towards a Better Society (TBS2030) commitment further underscores our dedication to sustainable practices. The strong coal prices in the global market have played a favorable role in our performance, reinforcing our position as we continue on our path to becoming a sustainable energy company and drive the development of electric vehicle ecosystems. Additionally, we are delighted to announce our partnership with GoTo, for the establishment of an electric vehicle factory in the country. With 6 million kilometers achieved by January 2023, we have received valuable data and feedback from the Indonesian community, instilling great optimism in our ability to meet their needs with exceptional electric motor products. Full Press Release ⤵ https://lnkd.in/e25NEGWZ

Annual General Meeting of Shareholders - TBS Strong Financial Performance Boosts Investor Confidence in the Company

Annual General Meeting of Shareholders - TBS Strong Financial Performance Boosts Investor Confidence in the Company

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George Gouw

PT Dasha Artha Guna Capital

1y

Keep it up

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