JAKARTA - Alvin W. Sariaatmadja secured the title of The Best CEO In Online Application and Services in the TOP CEO Awards 2023 held by Tempo-IDNFinancials at Sofitel Nusa Dua Beach Resort, Bali, last Friday (1/12). He is deemed successful in leading PT Elang Mahkota Teknologi Tbk (EMTK) with various business lines in solution, media, health services, and other segments.

At the event, Beverly Gunawan, EMTK representative, was present on behalf of Alvin W. Sariaatmadja, to be handed the Best CEO In Online Application and Services trophy from Harianto Solichin, Commissioner of PT AP&M Indonesia, managing company of IDNFinancials.

In 2022, this issuer showed its best performance by generating IDR 5.4 trillion of profit and revenue of IDR 25.52 trillion. The main contributor to the revenue was sales of goods, IDR 6.29 trillion, followed by advertising revenue of IDR 5.89 trillion, health and hospital services of IDR 1.90 trillion, VSAT services, repairs, maintenance, and technical support of IDR 155.21 billion, and others of IDR 1.29 trillion.

This issuer's total assets have also increased significantly in the last three years since 2020. In 2021, EMTK's total assets were recorded at IDR 44.46 trillion, growing from 2020’s total assets of IDR 17.88 trillion. Meanwhile, total liabilities dropped to IDR 4.52 trillion from IDR 5.48 trillion seen in 2020.

In line with this achievement, the issuer's market capitalization arrived at 25th place in the Top 50 on the Indonesian Stock Exchange (BEI) as of December 2022.

The corporate actions carried out by Alvin include, among others, approval of the management and employee share ownership program (MESOP) by issuing a maximum of 150 million shares or 0.24% of EMTK's issued and paid-up capital, collaborating with strategic partners in the rights issue of new shares of PT Bank Fama International, and divested 202 Series A shares and 4.79 million Series B shares in PT Elang Andalan Nusantara (EAN) to Lazadapay Holdings Pte Ltd for US$ 304.5 million. (LK/ZH)