Jakarta, 29 July 2020– PT Metrodata Electronics Tbk ("MTDL"), a public Company engaged in the distribution, solution & consulting of Information and Communication Technology ("ICT") recorded positive performance in first half of 2020 by posting net income of IDR156.0 billion or growing 2.3% YoY compared to the same period in the previous year of IDR152.5 billion. While MTDL’srevenues in the first half of 2020 reached IDR6.20 trillion, up 0.8% YoY from the same period in 2019 which recorded atIDR6.16 trillion.
Randy Kartadinata, Director of MTDL reveals that Distribution business unit still dominates the revenue contribution. "The biggest revenue contribution still comes from the Distribution business unit of 72%, followed by the Solution and Consulting business unit by 28%. If we look at the contribution of the Solution and Consulting business unit during this pandemic, there’s an increase from 25% last year to 28% in the first half of 2020 in line with the increasing number of companies doing the digital transformation," he said.
Revenues grow as the demand for products, services and IT infrastructure continues to increase amid the implementation of the work from home (WFH). Randy added that the Company was able to catch up onsales that had lagged in the previous quarter since thelarge-scale social restriction (PSBB) by the Government were relaxed. "With the opening of PSBB and the startof the new normal transition period in June 2020, it has given the opportunity for Metrodata to accelerate the sales that had lagged in the previous two months, and generate stable sales compared to last year."
On the other hand, the President Director of MTDL Susanto Djaja mentioned, this condition is also supported by the readiness of all elements and systems owned by the Company. "We were fortunate to have been preparing for mobile work since 10 years ago where our sales team already implemented mobile office. The readiness of this ICT system and the experts of Metrodata is what helps us to always be readyto help the needs of customers during this pandemic. Customers need a fast response in the procurement, especially Notebook and Personal Computer to enable employees workfrom home. As a result, we become one of the main choices for customers during this pandemic,"said Susanto.
Susanto added that the increasing need for IT ledt he Company to raiseits capital expenditure budget to IDR 450 billion from previously IDR 260 billion. Amounting to IDR 440 billion will be allocated for the funding of IT equipment, and the remaining IDR 10 billion will be used to up grade the Company’sinternal ICT systems.
Meanwhile, Randy revealed that the Company's financial position is currently in a very strong position. Where the Company’s liquidity condition is very good, followed by lack of bank loans and other financial institution. "The liquidity condition is very good with the cash in bank position reaching IDR 1.4 trillion, coming from the results of effective collections during the pandemic. The liquidity condition is much better compared to the previous condition where the cash in bank was only around IDR 700 billion." Randy continued, "Loans to the bank and financial institution are minimal for only IDR 25 billion. And that’s actually we want to pay it off but it is not allowed by the leasing, as it is related to the penalty if the repayment is accelerated,"Randyconcluded.
Asadditional information, Metrodata will distribute cash dividends of IDR 81.03 billion or IDR 33 per share on July 30, 2020. And recently, on July 21, 2020, MTDL has proven to be a superior Company by achieving the highest award for performance throughout the year 2019 as the Best Listed Companies 2020 in the Electronics Sector, awarded by Majalah Investor.
About PT Metrodata Electronics Tbk
PT Metrodata Electronics, Tbk (“the Company”)— the publicly listed Company on Bursa Efek Indonesia (IDX) since 1990 (IDX: MTDL) is one of the leading Information and Communication Technology (“ICT”) companies in Indonesia that build strategic alliances with world-class ICTcompanies. The Company has main business units, namely Distribution Business (Providing World-Class ICT Hardware and Software) that handles distribution to partnered dealers, ICT solution companies and also running an e-commerce business. Its distribution network is covering more than 150 cities in Indonesia and has more than 4,000 channel partners and more than 100 world-class IT products and service brands; Solution & Consulting Business (Digital Solution Provider to Help Companies Achieving Digital Transformation) that provides complete ICT solutions from conceptual/design, implementation, IT Managed Services, consulting and training, as well as support for business digital transformation.
For more information, please contact:
F. Dion / Melani Dwi Nastiti
PT. Metrodata Electronics, Tbk.
APL Tower 37th Floor
Jl. Letjen S. Parman Kav. 28
P: (62-21) 2934 5888
F: (62-21) 2934 5899