Net Profit of Gunung Raja Paksi (GGRP) Soars by 113.6% in Q1-2022
KONTAN.CO.ID - JAKARTA. PT Gunung Raja Paksi Tbk (GGRP) printed a moncer performance. The national steel issuer managed to achieve a net profit of US$ 15.8 million in the first quarter of 2022.
This realization increased 113.6% compared to profit in the same period in 2021 of US$ 7.4 million.
The increase in net profit is in line with the increase in the top line. GGRP managed to book net sales of US$ 235 million in the first three months of 2022. This amount increased by 70.4% from the same period previously, which was US$ 138 million.
“This achievement is very encouraging and we made a better start than last year. This makes us very enthusiastic about 2022. This condition also proves that there is still a lot of potential for Gunung Raja Paksi and this industry,” said Harianto, Finance Director of GGRP, Friday (3/6).