JAKARTA. PT Dharma Polimetal Tbk (DRMA), an automotive component manufacturer, recorded net profit of IDR 519.4 billion in the third quarter (Q3) of 2023.

The net profit of DRMA in Q3 2023 soared 107.8% year-on-year (yoy). This significant shift was made possible by the sales that reached IDR 4.3 trillion, growing 59.7% yoy.

Irianto Santoso, President Director of DRMA, mentioned that the sales growth is also supported by the company’s success in acquiring new clients for component production. “The utilisation of DRMA-produced components by various major global automotive companies shows that the quality standard of components produced by us has been acknowledged by the international market,” he explained further.

DRMA’s sales growth was a result of two-wheelers segment that increased 53.9% yoy to IDR 2.2 trillion. Then, sales of four-wheelers were recorded at IDR 1.4 trillion, growing 78.3% yoy. Meanwhile, other segments reported 44.6% yoy shift to IDR 610.2 billion.

“The success in achieving top performance resulted from our hard work and consistency to meet the number of orders in an impressive fashion,” added the management of DRMA. (KR/ZH)