PT STEEL PIPE INDUSTRY OF INDONESIA (ISSP.JK )
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Until the third quarter, Steel Pipe (ISSP) posted a 686.60% profit growth
PT Steel Pipe Industry of Indonesia Tbk recorded fantastic net profit growth. The reason is, the company posted current period profit of Rp 122.24 billion in the third quarter of 2019.
Whereas, previously the pipe producer which owns the stock code "ISSP" only posted a net profit of Rp 15.54 billion in the third quarter of 2018. If calculated, the current period's profit growth recorded by the company reached 686.60% on an annual basis.
On the Sales and Services Revenues side, ISSP also recorded an annual growth of 66.14% (year-on-year / yoy) from Rp 3.38 trillion in the third quarter of 2018 to Rp 3, 60 trillion in the third quarter of 2019.
Most of the company's revenue is supported by sales and services at the domestic level with a portion of around 92.25%. Meanwhile, as much as 7.75% of the remaining revenue is supported by sales and services carried out by the company on an export basis.
PT Steel Pipe Industry of Indonesia Tbk Investor Relations, Johannes Edward said the company's rapid profit growth was caused by a number of efficiency improvement measures undertaken by the company.
"I cannot convey in detail, but the profit growth was caused by inventory management and customer education," Johannes explained to Kontan.co.id, Tuesday (10/29).
When looking at ISSP's third quarter of 2019 financial statements, the increase that occurred at ISSP expense items was indeed far below the company's revenue growth.
In cost of revenue, for example, the increase in ISSP's cost of revenue was only recorded at 4.42% yoy, from Rp 2.98 trillion in the third quarter of 2018 to Rp 3.12 trillion in the third quarter of 2019.
As a result, ISSP posted a gross profit of Rp 488.97 billion. This figure is 23.07% higher than the gross profit in the same period in the previous year which was only Rp 397.29 billion.
Johannes said that ISSP will continue to defend and improve the company's performance in order to achieve the targets the company has set this year.
To note, this year ISSP is targeting revenue growth of 20% and significant margin improvement compared to last year.
Until the third quarter, ISSP has absorbed as much as 70% of this year's capital expenditure (capex) budget of Rp 50 billion. According to Johannes, most of the uptake is only used for maintenance purposes.
Meanwhile, capex budgeted for next year is estimated to be in the range of Rp 50 - Rp 100 billion. Like this year, most of the capital expenditure for next year will be used to finance the needs of asset maintenance or maintenance.
PT STEEL PIPE INDUSTRY OF INDONESIA Tbk (SPINDO) once again proved its commitment in supporting the development of modern infrastructure in Indonesia. This time, SPINDO contributed to the prestigious project “Superblok Pekayon Pakuwon” located in Bekasi by supplying high-quality steel pipes for the building's chiller system. In this project, SPINDO provided SNI 0039:2013 Spiral Pipe with various sizes, namely 10“-28” (508-711 mm x 6.4-9.5 mm x 6000 mm) . The total tonnage of steel pipes supplied reaches 91.5 tons which will be used as part of the building cooling system (chiller system). This system has a crucial role in maintaining the efficiency and comfort of the environment in the building, especially in regulating the temperature and air circulation optimally.
PT STEEL PIPE INDUSTRY OF INDONESIA Tbk (SPINDO) kembali membuktikan komitmennya dalam mendukung pembangunan infrastruktur modern di Indonesia. Kali ini, SPINDO berkontribusi dalam proyek prestisius “Superblok Pekayon Pakuwon” yang berlokasi di Bekasi dengan memasok pipa baja berkualitas tinggi untuk sistem chiller bangunan.
Sebelum melakukan pembelian dalam jumlah besar, penting bagi Anda untuk memahami harga pipa galvanis agar mendapatkan produk dengan kualitas terbaik dan harga yang sesuai dengan anggaran.
Harga pipa besi di pasaran bisa sangat bervariasi tergantung pada beberapa faktor. Bagi para kontraktor, pelaku industri, atau bahkan individu yang membutuhkan pipa besi, memahami faktor yang mempengaruhi harga serta cara memilih pipa besi yang terbaik sangatlah penting agar mendapatkan produk yang sesuai dengan kebutuhan.
Material yang digunakan pada bangunan tak hanya menentukan kekuatan struktur, tetapi juga efisiensi biaya. Untuk itu, memahami jenis material dalam konstruksi bangunan adalah langkah krusial untuk memastikan ketahanan jangka panjang suatu proyek.
Tidak semua stainless steel memiliki karakteristik yang sama. Ada berbagai jenis stainless steel yang dirancang untuk kebutuhan tertentu dalam berbagai sektor industri.
Besi hollow galvanis merupakan material yang sangat populer dalam industri konstruksi. Sebagai produsen, memahami ukuran besi hollow galvanis yang paling sering digunakan dalam bangunan akan membantu Anda menentukan strategi produksi, pemasaran, dan distribusi yang tepat.
PT STEEL PIPE INDUSTRY OF INDONESIA Tbk (SPINDO) made another achievement by winning the “Best Sustainability-Linked Bond” award at The Asset Triple A Awards-ASEAN/DEAL Awards for the Sustainable Finance 2025 category.
PT STEEL PIPE INDUSTRY OF INDONESIA Tbk (SPINDO) kembali mencetak prestasi dengan meraih penghargaan "Best Sustainability-Linked Bond" dalam ajang The Asset Triple A Awards-ASEAN/DEAL Awards untuk kategori Sustainable Finance 2025.
Salah satu material yang sering digunakan dalam konstruksi adalah galvanis hollow karena sifatnya yang tahan terhadap korosi. Galvanis hollow sering dipilih untuk berbagai jenis proyek, mulai dari pembuatan pagar, kanopi, hingga struktur bangunan modern.