PT. AKR Corporindo, Tbk

AKR Corporindo rated as the Most Outstanding Company - Industrial

September 20, 2021

JAKARTA, September 20, 2021 – PT AKR Corporindo (AKRA) is proud to be honored as the Most Outstanding Company in Indonesia in the Industrial Sector. by Asia Money Magazine.  The award acknowledges AKRA excellence in areas of financial performance, management team excellence, ESG initiatives and IR activities by a large segment of stakeholders.

AKRA is the largest private sector infrastructure and logistic supply chain network company in Indonesia.  We delivered Net Profit growth of 30% in 2020, overcoming challenges posed by COVID19.  Our operations continued with disruption, due to investments made in storage and delivery infrastructure, IT backbone, and employees’ hard work. Meanwhile, Java Integrated Industrial and Port Estate (JIIPE) made significant progress in expanding its infrastructure and facilities, resulting in its designation as Special Economic Zone JIIPE, Gresik by the President of Republic of Indonesia in July 2021.

AKRA Director and Company Secretary Mr. Suresh Vembu stated, “It is a matter of great pride and immense satisfaction for our Company to be recognized by a prestigious magazine like Asia Money.   Our management and employees strive hard to meet the expectations of all our stakeholders.  We have consistently delivered strong financial performance, maintained high level of transparency in financial reporting, adopted best ESG practices, and have been proactive in our IR activities.”

The 2021 Poll results were announced on Sep 20, 2021.   Over 1,071 fund managers, analysts, bankers, and ratings agencies took part in the voting which concluded on 16 July.   In total, over 5,787 votes were received for publicly listed companies across 13 markets in Asia (Asia’s Outstanding Companies List).   

Mr. Vembu added, “AKRA Management would like to thank Asia Money Magazine for conducting these polls and is grateful to all who participated and acknowledged our efforts by voting for us.   This recognition motivates us to maintain and further improve our performance.”

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PT AKR Corporindo Tbk