JAKARTA. PT AKR Corporindo Tbk (AKRA) proceeds with its business expansion plan to Eastern Indonesia in order to promote business growth within the next few years.

Suresh Vembu, Director and Corporate Secretary of AKRA< mentioned that said strategy will be supported by integrated infrastructure.

“We have solid infrastructures for storage, terminal, IT, etc,” added Vembu during Public Expose Live 2024 of AKRA held today (30/8).

Aside from this, Vembu said, AKRA has also acquired a logistics asset in the form of integrated supply chain. Total ports owned by the company are spread in 17 different locations.

Soon, AKRA plans to optimise its business by expanding infrastructure in Morowali and JIIPEE (Java Integrated Industrial and Port Estate). Furthermore, the company also plans to increase the capacity of fuel oil terminal at Hub Stagen in Kalimantan.

For the record, AKRA has realised approximately IDR 200 billion of capital expenditure. Total capex realisation is far below the initial target set for this year, worth IDR 1.3 trillion.

“We had utilised some portions of the capex for expansion in Morowali and JIIPE,” confirmed Vembu.

According to IDNFinancials data, AKRA scored net profit of IDR 1 trillion in the first half (H1) of 2024, with compound annual growth rate (CAGR) of its net profit within the past 15 years remains stable at 30.2%. (KR/ZH)