PT Steel Pipe Industry of Indonesia Tbk Reports Earnings Results for the Nine Months Ended September 30, 2023
October 25, 2023
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PT Steel Pipe Industry of Indonesia Tbk reported earnings results for the nine months ended September 30, 2023. For the nine months, the company reported sales was IDR 4,777,373 million compared to IDR 4,751,983 million a year ago. Net income was IDR 363,756 million compared to IDR 292,872 million a year ago.
Basic earnings per share from continuing operations was IDR 51.48 compared to IDR 41.45 a year ago.
PT Steel Pipe Industry of Indonesia Tbk is an Indonesia-based steel pipe manufacturer. The Company's product portfolio comprises of custom-made products (produced upon customers' requests), carbon standard products and stainless-steel pipes. The Company's segments include Steel Pipe Mill, Spiral Steel Pipe Mill, Plat/Strips and Plate, and Services and Others. Its products are used by various industries, such as construction, infrastructure, utility, oil and gas, furniture, and automotive. It also offers other services, such as galvanizing, shearing, slitting, 3LPE coating, internal and external epoxy coating, cement lining, and quality control testing at the Companyâs laboratory facility. Its products include black pipes, API pipes water pipes, mechanical pipes, furniture pipes, steel poles, spiral pipes (API and non-API pipes), industrial and ornament stainless steel pipes. The Company exports to various countries, such as Canada, Malaysia, Vietnam, Timor Leste, America and Australia.