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Sunindo Pratama says Petro Synergy asset drop stems from operating losses as unit ramps up commercially

PUBT·09/11/2026 08:09:57
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Sunindo Pratama says Petro Synergy asset drop stems from operating losses as unit ramps up commercially
  • Sunindo Pratama issued a clarification on its June 30, 2026 financials, flagging weaker casing sales as the main driver of a 25.99% revenue drop.
  • Management expects the decline to be temporary, citing a newly won casing tender worth about USD 3.2 million.
  • RTM 2 plant investment is estimated at about Rp 504 billion, targeting commercial operations in Q4 2026 once API certification is secured.
  • Cash and cash equivalents rose 38.49% to Rp 159.64 billion, with a shift into USD balances at Bank UOB Indonesia on higher rates.
  • Trade receivables increased to Rp 100.76 billion; Rp 82 billion, or 82%, was collected after June 30.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PT Sunindo Pratama Tbk published the original content used to generate this news brief via Indonesia Stock Exchange (IDX) (Ref. ID: 32147931) on September 11, 2026, and is solely responsible for the information contained therein.