JAKARTA – PT Sunindo Pratama Tbk (SUNI) won the tender of low-grade casing supply of PT Pertamina EP worth USD 1.60 million yesterday (3/7). This secured tender drives the management’s optimism towards this year’s revenue growth target.

In the information disclosure quoted Friday (5/7), Willy Johan Chandra, President Director of SUNI, mentioned that the tender from Pertamina EP will increase the company’s profit and revenue in 2024 and 2025.

In 2023, SUNI reported revenue of IDR 762.42 billion, up from IDR 540.27 billion in 2022. Then, the net profit attributable to the parent entity also shifted up from IDR 62.80 billion to IDR 101.2 billion.

In fact, the issuer had won several tenders from Pertamina EP. On April 12, 2022, both companies signed a technical framework contract with an agreement period from January 3, 2022, to June 21, 2024. All the request orders that have been issued clock up to USD 10.27 million.

In 2017, SUNI secured a single tender of low-grade casing and tubing contract supply from Pertamina EP worth USD 37.2 million, effective for three years. (LK/ZH)