JAKARTA - PT Hoffmen Cleanindo Tbk (KING), an outsourcing service provider, has recorded contracts worth IDR 1.17 billion in the first half of 2023. This issuer, recently debuted on Indonesia Stock Exchange (IDX) earlier this year, managed to book revenue of IDR 161.85 billion in 2022.

In the information disclosure quoted Wednesday (21/6), Rudi Japarto, President Director of KING, claimed that the company has also obtained contracts from 11 companies for the period of 2023 until March 2024.

These deals have been made with various users, including Wisma Mandiri, PT Jekael Invesco, Badan Pengembangan SDM Industri, Politeknik Enjiniring Pertanian Indonesia, P3SRSKCS Ciputra World I Jakarta, PT Indonesia International Expo, PT Langgeng Gemilang Sejahtera, PT Bumi Daya Plaza, PPKP Menara Sudirman, PT Provices Indonesia, and PT Anak Senopati Indonesia.

On February 16, 2023, the issuer debuted on IDX, listing 2.6 billion shares publicly. They consist of founders’ shares of 2.08 billion units and 520 million users. During the COVID-19 pandemic, KING scored revenue growth from IDR 141.49 billion in 2020 to IDR 168.99 billion in 2021. (LK/ZH)