JAKARTA - PT Trimegah Bangun Persada Tbk (NCKL) makes its entrance into Indeks Tempo-IDNFinancials 52 as constituent, effective per June 2024. This issuer started its journey in the stock exchange on April 12, 2023, by issuing 63.09 billion shares.

Based on the record, NCKL reported net profit of IDR 7.1 trillion throughout 2023, up 54% year-on-year (yoy) from IDR 4.6 trillion seen in 2022. Its revenue increase was even more impressive, recorded at 149.4% yoy to IDR 23.9 trillion from IDR 9.6 trillion.

Total assets also grew 30.9% yoy in 2023 to IDR 45.3 trillion from IDR 34.6 trillion in 2022. In addition, its nickel ore sales volume also soared 97.9% yoy to 15.38 million wet metric ton (wmt) from mere 7.77 million wmt.

In Q1 2024, NCKL, also widely known as Harita Nickel, reported revenue from contracts of IDR 6.03 trillion, up26.07% yoy from IDR 4.78 trillion seen in Q1 2023. Gross profit also climbed a shy of 3.15% yoy to IDR 1.61 trillion from IDR1.56 trillion, while its net profit sloped 16.12% yoy to IDR 1.29 trillion from IDR 1.49 trillion.

For the record, NCKL is listed under Main Index, High Growth, and Big Market Cap categories, with market capitalisation of IDR 55.21 trillion as of March 2024. Listed shareholders reached 18,684, with public shares of 12.65%, slightly above the minimum free float rate of 7.5% set by Indonesia Stock Exchange (IDX) authorities.

Indeks Tempo-IDN Financials 52 was first introduced to the public on June 23, 223. It has four different categories, namely Main Index, High Growth, High Dividend, and Big Market capitalisation. Other criteria include net profit growth, average dividend yield, transaction volume and frequency, number of shareholders, as well as minimum free float of 7.5% of its listed shares in the stock market. (LK/ZH)