Finances are Improving, PT Pos Indonesia Targets to Conduct an IPO in 2025

[ad_1] –Starting in 2023, PT Pos Indonesia has big targets for the next two years. The directors target that in 2025, PT Pos Indonesia will conduct an IPO. PT Pos Indonesia’s net profit has increased in the last 3 years.

PT Pos Indonesia is not a random company. Engaged in the field of postal services, PT Pos Indonesia can compete with similar companies in Indonesia.

From a historical perspective, PT Pos Indonesia has been around since the Dutch colonial era. At that time, PT Pos Indonesia was still called the Dutch East Indies Post, Telegraph and Telephone Bureau.

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It is noted that the Dutch East Indies Post, Telegraph and Telephone Bureau was established in 1746. It was only in 1949 that this company was taken over by the Indonesian Government.

Taken over by Indonesia, the Post, Telegraph and Telephone Bureau of the Dutch East Indies turned into a State-Owned Enterprise (BUMN). It changed its name several times, only in 1995, the name became PT Pos Indonesia.

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Entering the millennium era, PT Pos Indonesia continues to grow. PT Pos Indonesia’s profits have increased in the last 3 years. According to the Director of Finance & Risk Management of PT. Pos Indonesia (Persero), Endy PR Abdurrahman, for the last 3 years, PT Pos Indonesia’s net profit has continued to rise.

It was recorded, in 2020 PT Pos Indonesia scored a net profit of IDR 325 billion, in 2021 it rose to IDR 590 billion and closing in 2022 a profit position of IDR 635 billion.

Reflecting on this financial condition, Endy PR Abdurrahman targets PT Pos Indonesia to achieve a net profit of 1 trillion in 2025.

Looking at 2025, Endy PR Abdurrahman emphasized that PT Pos Indonesia has a target to conduct an initial public offering (Initial Public Offering / IPO).

“The plan (IPO) is like that, so hopefully with these bonds the journey will be better, so that Pos will be encouraged to run the company with better governance. In that way, we hope to become a leader in the market and the target is of course an IPO in 2025,” said Endy PR Abdurrahman in Market Buzz Power Breakfast IDX, Wednesday (4/1/2023).

In addition to increasing net profit, PT Pos Indonesia has also succeeded in earning 500 billion in revenue after issuing bonds on December 29, 2022. In fact, the excess demand for bonds from investors reached 1.6 trillion.

PT Pos Indonesia also has several other capitals that are expected to make the IPO in 2025 a success. It was stated that PT Pos Indonesia has 4 types of business portfolio, namely financial services business, courier services, logistics services, and property services.

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