00:00Indonesia's capital market
00:05Welcome back to IDX First Session Closing.
00:07Let's take a look at Indonesia's capital market.
00:10PT ESA Industries Indonesia Tbk is able to record clean oil growth
00:14even though its earnings declined throughout 2024.
00:17Energy and chemical emissions have managed to suppress operational costs during this period.
00:23Indonesia's capital market
00:27Even though its earnings declined throughout 2024,
00:31PT ESA Industries Indonesia Tbk is able to record clean oil growth.
00:36ESA has approved a clean oil lab that can be attributed to the owner of Induk
00:41as large as 45.18 million US dollars last year.
00:47This figure is 30.54% higher than the clean oil lab in 2023
00:52worth 34.61 million US dollars.
00:56However, ESA's earnings declined by 12.63% annually or year-on-year
01:01to 301.40 million US dollars last year.
01:09Meanwhile, ESA's largest income comes from the sale of ammonia worth 256.32 million US dollars.
01:16The sale of ammonia also decreased by 14.46% compared to 2023.
01:23Then the sale of liquefied petroleum gas worth 41.5 million US dollars
01:28as well as the income of manufacturing services worth 3.6 million US dollars.
01:34The increase in income is due to the increase in the price of ammonia by 15% last year
01:40with an average price of 350 US dollars per metric ton.
01:47Although the earnings declined, EBITDA in 2024 was recorded to increase by 4%
01:52to 129 million US dollars, due to lower personal costs.
02:00With this project, ESA through its subsidiary, namely PT ESA SAF Makur
02:04is preparing to build a high-tech Greenfield Manufacturing Facility in Central Java.
02:10Later, this high-tech Greenfield Manufacturing Facility in Central Java
02:14will produce sustainable efficient food up to 200,000 metric tons per year
02:19where commercial operations are targeted from the first quarter of 2028.
02:26For IDX News
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