The Rise of Digital Transformation, MTDL's Net Income Increased in the Third Quarter of 2020
Jakarta, 2 November 2020- PT Metrodata Electronics Tbk (“MTDL” or the Company), as a digital solution and distribution company in Information and Communication Technology (“ICT”), strengthens the Solution and Consulting business by continuing to complement the eight pillars of Metrodata's digital solutions, specifically Cloud Services, Big Data & Analytics, IT Security, Hybrid IT Infrastructure, Business Application, Digital Business Platform, Consulting & Advisory Services, and Managed Services. This is accompanied by a lot of digital transformation in various industries amid the Covid-19 pandemic that push the demand for digital solutions.
Susanto Djaja as President Director of MTDL, explained, “We are grateful that in the midst of this pandemic, MTDL was still able to reach a net income (net minority interest) in the third quarter of 2020 of IDR267.7 Billion, or grew by 3.43% compared to the same period in the previous year. Of course, this is the result of the hard work of various parties, so Metrodata can grow and contribute during this pandemic by helping companies transform digitally, one of which is through Metrodata's eight pillars of digital solutions.”
As the only ICT company that provides the most comprehensive solutions, MTDL managed to achieve stable revenue, amounting to IDR10 Trillion in the third quarter of 2020. Randy Kartadinata as Director of MTDL added, “One of the contributions came from the 9.14% YoY increase in the Solution and Consulting business unit’s revenue. Through decades of experience in the ICT industry and working with hundreds of partners in the distribution business, Metrodata also achieved a gross profit of IDR893 Billion in the third quarter of 2020 or grew by 7.13% YoY.”
In the Distribution business unit, MTDL continues to meet the needs of ICT products such as Notebooks, PCs, Smartphones, and Collaboration Solution products which are still in great demand due to the Work From Home (WFH) policy and learning from home. On the other hand, there is a limited supply of Notebooks and PCs in the market which reduces the sales in the Distribution business unit, but increases the margin side.
Randy continued, “MTDL shows a very healthy cash position and reached IDR1.78 Trillion as of 30 September 2020, an increase of 212.35% YoY. Besides, MTDL bank loans also experienced a decline of 68.97% YoY to IDR20.8 Billion. During this pandemic, MTDL has undertaken intensive collection efforts, while the entire sales and collection team has been delegated to actively follow up on invoices to customers so that MTDL can utilize the cash received to finance working capital and subsequent capital expenditures.”
Amid of a pandemic that requires many companies to transform digitally, making the need for ICT infrastructure and equipment is urgently needed. Metrodata, through its two business units, namely the Distribution business unit which collaborates with more than 100 world-renowned ICT brands as well as the Solutions and Consulting business unit that provides complete solutions, is expected to continue to support digital transformation in Indonesia.
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 ICT companies. 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 based on Metrodata's 8 Pillars of Digital Solutions, consisting of Cloud Services, Big Data & Analytics, Hybrid IT Infrastructure, Security, Business Application, Digital Business Platform, Consulting & Advisory Services, and Managed Services to support digital business transformation.
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