Press Release "Last Calcium Carbide Export Release Ceremony in 2020 with DISPERINDAG East Java"
PT Emdeki Utama Tbk together with the East Java Industry and Trade Service held an inauguration ceremony for the release of the final export of calcium carbide in 2020
Gresik, 30 December 2020 - PT Emdeki Utama Tbk (IDX:MDKI) held a ceremony to release the last export of calcium carbide in 2020, totaling 10 containers with a total weight of 270 MT destined for India. The release ceremony was held at the Company's domicile. Also present at the release event was the East Java Industry and Trade Service and at the same time Mr. Drajat Irawan as Kadisperindag East Java inaugurated the release of the event. The release of exports to India means that PT Emdeki Utama Tbk's total export sales in 2020 were recorded at 2,320 tons and total local market sales based on the latest data as of December 31 2020 were recorded at 18,590 tons, so the total sales were 20,910 tons. By achieving total sales in 2020 of 20,910 tons, this shows an increase of 3.2% from sales in 2019 which was 20,260 tons. In the third quarter of 2020, the Company recorded a profit of Rp. 30.42 billion, while at the end of 2020, the Company's profit is projected to increase to Rp. 43.92 billion or an increase of 35.09% from 2019 which amounted to 32.51 billion. Uncertainty in global trade policy coupled with the COVID-19 pandemic throughout 2020 has cast a shadow over the growth of major trading partner countries which is projected to slow down, creating negative risks for Indonesia's economic growth prospects, however with hard and measured work from all levels, Emdeki Utama is still able to maintain fairly good growth stability.