JAKARTA. PT MPX Logistics International Tbk (MPXL), an issuer that runs a transportation and logistics business, has signed a contract worth IDR 47.15 billion.

The contract was signed with PT SCG Ready Mix Indonesia (SRMI) on January 16, 2024. In this contract, MPXL and SRMI agreed to buy and sell bulk cement for the next 3 years.

"The total volume is IDR 47.15 billion," said James S. Chandra, Corporate Secretary of MPXL, in an official statement.

Chandra added that this contract will increase MPXL's income and support the company's business development in the future. "The information and facts do not have a negative impact on the company's operational activities, law, financial condition or business continuity," said Chandra.

According to idnfinancials.com data, MPXL posted revenue of IDR 97.78 billion as of September 30, 2023. Meanwhile, the company's net profit was recorded at IDR 7.68 billion. (KR/LM)