JAKARTA - PT MPX Logistics International Tbk (MPXL) obtained investment credit facility worth IDR 41.48 billion from PT Bank Central Asia Tbk (BBCA).

In the information disclosure quoted Wednesday (7/8), James Sigit Chandra, Corporate Secretary of MPXL, mentioned that the credit facility will be allocated to the company’s working capital.

“It will be spent on fleet addition and heavy equipment for construction,” Chandra added.

According to Chandra, said credit facility is expected to drive business expansion, thus promoting revenue growth.

In the first half of 2024, the company booked revenue of IDR 97.06 billion, up from IDR 63.50 billion recorded in the same period in 2023. Gross profit also grew to IDR 18.96 billion from IDR 9.45 billion seen in H1 2023, while net profit nearly doubled from IDR 4.24 billion to IDR 7.35 billion. (LK/ZH)