JAKARTA - PT Berkah Beton Sedaya Tbk (BEBS) has allocated IDR 121.57 billion for its capital expenditure in 2023. This budget is expected to drive the sales target of the company, reaching IDR 734 billion, until the end of this year.

In the minutes of meeting of the Annual General Shareholders Meeting of BEBS quoted today (31/5), Hasan Muldhani, President Director of BEBS, revealed that the source of this allocated capex is its 2022's retained earnings from the 2022 net profit. The shareholders agreed not to channel dividends from the fiscal year 2022.

In 2022, this issuer collected current's net profit of IDR 122.9 billion, surpassing the initial target set to IDR 116 billion. The sales realisation also reached IDR 647.9 billion, exceeding the target of IDR 561 billion.

This year, BEBS aims to score net profit of IDR 164 billion, operating profit of IDR 219 billion, gross profit of IDR 273 billion, and revenue of IDR 734 billion. (LK/ZH)