Jakarta –
PT Bakrie & Brothers Tbk (BNBR) is still unable to get out of the loss. However, the company managed to minimize losses.
As of the first semester of 2021, BNBR recorded a net loss of Rp 43 billion. This figure fell drastically when compared to the same period last year, which recorded a net loss of more than Rp 121 billion.
The President Director of BNBR Anindya Bakrie said that the choice of business sector that he has been engaged in so far has proven to be able to bring BNBR through various crises and challenges.
“Alhamdulillah, until now we have been able to continue to maintain the company’s growth and get through the ups and downs of the business world, armed with the resilience of our business sectors,” he said in a written statement, Sunday (1/8/2021).
Anindya admitted that this prolonged pandemic had a significant impact on the company’s overall performance. However, gradually the company was able to reverse this negative performance.
“It can be seen from the mid-2021 financial report that we have just published, the efficiency efforts in various sectors that we have carried out throughout the year have produced encouraging results,” he said.
“In running the company’s efficiency, we take several ways including saving measures, reducing costs, to rescheduling the payment of obligations,” he added.
Meanwhile, the company’s revenue for the half year in 2021 is at Rp 1.038 trillion, down about 21% compared to last year. In line with that, COGS also decreased proportionally by 21%.
In addition to controlling COGS, BNBR also managed to achieve 27% efficiency in operating expenses compared to the same period last year, which is a positive indication of the efficiency efforts undertaken by Bakrie & Brothers.
“So far, one of the important pillars in our portfolio is the manufacturing industry. For almost 80 years, or as long as our business group was established, this sector has been a mainstay,” he explained.
Recently, BNBR has been working on infrastructure projects which have also contributed to the company’s growth, but technological advances and rapidly changing market conditions have forced Bakrie & Brothers to prepare for a new maneuver.
“Now is the time for us to take another step forward. The main target for all business players in the world is now to follow what is stated in the Sustainable Development Goals (SDGs). We also see how digital technology has become the mainstream of business around the world. Therefore, BNBR is also committed to developing the sustainable energy and digital business sectors as part of a business strategy in the future,” he said.
(das / dna)
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