Despite the strong revenue performance, TINS also faced rising costs. The company’s cost of revenue increased by 4.5%, reaching IDR 6.05 trillion, which still allowed for a gross profit of IDR 1.42 trillion and an impressive EBITDA of IDR 2.08 trillion.

Total assets for the company decreased slightly by 0.3% to IDR 12.82 trillion. However, liabilities saw a significant reduction of 14.8%, dropping to IDR 5.63 trillion, largely due to a decrease in interest-bearing debt.

To strengthen its financial position, TINS has implemented a debt restructuring plan, successfully reducing interest-bearing debt by IDR 1.4 trillion. This move has led to improved financial health ratios, positioning the company for future growth.

As TINS continues to adapt to the dynamic tin market, its recent performance underscores a successful strategy in capitalizing on rising global demand, showcasing its potential for sustained profitability. (Uki Ruknuddin)

 

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