JAKARTA – PT Metrodata Electronics Tbk (MTDL) prepares IDR 630 billion for its capital expenditure (capex) budget for 2024. According to the Annual Public Expose today (3/6), IDR 130 billion of said total capex will be allocated to internal needs, including warehouse expansion and IT tools acquisition.

It is worth mentioning that MTDL is indeed planning an expansion of its Logistic Centre in Cibitung by setting up a budget of IDR 120 billion out of total IDR 130 billion allocated for internal needs.

“IDR 120 billion will be used for the expansion of [Cibitung] warehouse, which has reported utilisation rate of 80%,” claimed Kartadinata. This Phase 2 Cibitung warehouse expansion will increase the capacity to 40.000 m2.

“We only take up IDR 20 billion as we only begin the construction,” added Kartadinata. This construction has been taking place since May 2024 and is projected to be completed by next February 2025.

Cibitung warehouse is a logistic facility that supports MTDL’s distribution business line, which until Q1 2024, supported up to 72% of total revenue.

“For our internal equipment needs, we allocate IDR 10 billion; IDR 6 billion have been used to purchase IT devices,” said Kartadinata.

Then, external capex is set to IDR 500 billion, which are allocated to fund equipment leased to oil and gas companies. “During the pandemic, many oil and gas companies have yet to refurbish their machine,” said Kartadinata.

“IDR 100 billion of them have been realised. So, from the total capex of IDR 630 billion, we have used IDR 128 billion; more or less 20%,” added Kartadinata.

According to Susanto Djaja, President Director of MTDL, this year, the company aims to drive revenue to increase 13% yoy to IDR 25 trillion, and net profit growth of 10%. (ZH)