JAKARTA. PT Mitra Angkasa Sejahtera Tbk (BAUT), the supplier of PATTA nuts and bolts in Indonesia, booked net profit IDR 6.4 billion in 2022.

BAUT’s net profit in 2022 was seen increasing 35% year-on-year (yoy) or compared to the same period last year. In 2021, its net profit was stuck at IDR 4.74 billion.

According to IDNFinancials data, BAUT’s net profit in 2022 was supported by its sales that clocked up to IDR 180.92 billion. Its sales also grew 50.7% yoy from IDR 120 billion seen in the previous year.

Until December 31, 2022, BAUT recorded total assets of IDR 245.23 billion, while its total equity reached IDR 194.07 billion.

For the record, BAUT conducted its initial public offering (IPO) in January 2022. In this corporate action, the company managed to raise IDR 145 billion of fresh funds. (KR/ZH)