JAKARTA - Hendra Soetjipto Tan, President Director of PT Barito Renewables Energy Tbk (BREN) received the title of The Best CEO Of The Best IPO Of The Year at the TOP CEO 2023 event at Sofitel Nusa Dua Resort Beach, Bali last weekend (1/12 ). Through this event, Tempo-IDNFinancials selected the 43 best CEOs from 901 issuers on the Indonesia Stock Exchange (BEI).

His figure led BREN to become a company with significant market capitalization a month after carrying out its initial public offering (IPO) on October 9, 2023. At the end of October 2023, the issuer's market capitalization was recorded at IDR 612.74 trillion, third place in Top 10 Market Capitalization.

In the third quarter of 2023, this issuer posted revenue of US$ 445.27 million, up from the same period in 2022 of US$ 423.51 million. Profit for the year decreased to US$ 113.74 million from the previous US$ 137.99 million.

BREN's revenue from contracts with customers consisting of; electricity sales US$ 205.45 million, up from US$ 189.23 million, steam sales US$ 96.09 million, up from US$ 79.78 million, management fees US$ 28,000, from previously nil, carbon credit sales US $4,000, down from the previous US$ 3.26 million, operating lease income of US$ 113.31 million, down from US$ 120.27 million, and finance lease income of US$ 30.37 million, down from US$ 30.96 million.

As a company that just debuted on the stock market, this issuer will distribute an interim dividend for the 2023 financial year of IDR 523.41 billion or IDR 3.91 per share. The basis for distribution of interim dividends refers to net profit attributable to the parent entity of US$ 84.47 million, retained earnings balance of US$ 491.83 million, and unrestricted retained earnings balance of US$ 460.28 million. (LK/LM)