JAKARTA. PT AKR Corporindo Tbk (AKRA), an oil and gas distributor company with the highest market capitalisation, has set up several strategies to further bolster its business performance this year.

Suresh Vembu, Director and Corporate Secretary of AKRA, mentioned that the company is targeting to score landbank sales of over 91 hectares (Ha). “In 2024, we target landbank sales of 120-130 Ha, in which includes CSPA signed last year that will be pushed for booking this year,” confirmed Vembu, as quoted by Kontan last week (23/2).

Then, for its trading business, fuel distribution, as well as basic chemicals, AKRA will continue to sustain consistent growth. It will be realised through maintaining service quality, as well as active investment in fuel and chemical supply infrastructure in Eastern Indonesia.

Meanwhile, for its industrial estate segment, AKRA will further boost selling power of Java Integrated Industrial and Port Estate (JIIPE), which has received its Special Economic Zone (SEZ) status. Furthermore, Vembu said, the company believes that there will be no significant business challenge in industrial estate segment.

“Therefore, investors are still quite optimistic in investing in JIIPE with a significant progress,” Vembu said.

According to IDNFinancials data, AKRA recorded revenue of IDR 29.97 trillion as of September 30, 2023, while the net profit clocked up to IDR 1.81 trillion. (KR/ZH)