INOV Inocycle Technology Group Tbk

06 Jan 2022 19:11 (12 hari lalu) - JAKARTA - PT Inocycle Technology Group Tbk (INOV), an issuer engaged in recycling plastic bottle waste (PET) into Recycled Polyester Staple Fiber (Re-PSF), is optimistic that the performance in 2022 will be better than the previous year. Along with this, INOV has set a sales target to grow by around 20% in 2022. This target is in line with the increase in the volume of demand for the Company's products until the end of 2021, as well as the improvement in the recycling industry driven by the increasing trend of using recycled products by the public.. Victor Choi, Director of INOV said, “We see that this year the industry opportunity and the r ...

03 Jan 2022 14:26 (15 hari lalu) - JAKARTA - PT Plasticpay Teknologi Daurulang, a digital-based of social behavioral change platform which is also a subsidiary of PT Inocycle Technology Group Tbk (INOV), is targeting to expand its reach by adding 800 dropboxes of plastic bottle waste including 40 Reverse Vending Machines (RVM) in 2022. Plasticpay is optimistic about this target after successfully installing 238 dropbox points by the end 2021 and 7 RVMs in the Jabodetabek area. This step is part of Plasticpay's efforts to accelerate the implementation of a circular economy in Indonesia. Suhendra Setiadi, as CEO of Plasticpay as well as Director of INOV said, "Currently, the co ...

06 Dec 2021 19:41 (1 bulan 13 hari lalu) - JAKARTA - PT Inocycle Technology Group Tbk ("INOV"), a listed company in the business of recycling plastic (PET) bottle waste into Recycled Polyester Staple Fiber (Re-PSF), recorded a positive performance until the third quarter of 2021 one of which was driven by an increase in in sale to a Related Party. INOV recorded an increase of sales to a Related Party of 62.5% YoY as of September 2021. This indicated improvements for business operations within the INOV group ecosystem. Demand for Recycled Polyester Staple Fiber (RePSF) products from the parent company, namely PT Hilon Indonesia, was recorded at IDR126.0 billion or 27,1% of INOV's ...

30 Nov 2021 11:39 (1 bulan 20 hari lalu) - JAKARTA – PT Inocycle Technology Group Tbk ("INOV"), a listed company in the business of recycling plastic (PET) bottle waste into Recycled Polyester Staple Fiber (Re-PSF), managed to record a net income of IDR25.7 billion or an increase of 253.6% compared to the same period in the previous year. The increase in INOV’s net income was supported by the increase in the volume of demand for the Company’s products which caused sales as of September 2021 to increase by 22.8% or a recorded IDR464.6 billion. Victor Choi, as Director of INOV said, "Although there was a lockdown in the third quarter due to the new variant of the Covid-19 virus, but we ...

16 Sep 2021 20:39 (4 bulan 4 hari lalu) - JAKARTA - PT Plasticpay Teknologi Daurulang, a digital platform company with digital social at foundation which is also an associate entity of PT Inocycle Technology Group Tbk (INOV), continues to accelerate its service area expansion to included the city of Solo in the fourth quarter of 2021, and will continue to cover the city of Surabaya. This step is part of Plasticpay's efforts to collect more plastic waste directly from its users, by utilizing digital systems. Accordign to records as of September 2021, Plasticpay managed to collect about 15.3 tonnes of plastic bottle waste through Plasticpay dropboxes installed ins the Jabodetabek ...

25 Aug 2021 16:56 (4 bulan 26 hari lalu) - Pasardana.id- Dalam Rapat Umum Pemegang Saham Tahunan (RUPST) PT Inocycle Technology Group Tbk (IDX: INOV), yang diselenggarakan Selasa, 24 Agustus 2021 kemarin, salah satu agenda yang telah disetujui adalah perubahan atas rencana penggunaan dana hasil penawaran umum Perseroan pada tahun 2019 lalu. Victor Choi, selaku Direktur INOV menjelaskan, p enggunaan dana sebesar 30% yang sebelumnya direncanakan akan digunakan untuk pengembangan atau pembentukan anak usaha baru, setelah disetujui oleh para pemegang saham, akan dialokasikan untuk pembayaran pinjaman usaha Perseroan. “Dengan disetujuinya perubahan penggunaan dana tersebut, beban hutang ...

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25 Aug 2021 16:55 (4 bulan 26 hari lalu) - JAKARTA - In the Annual General Meeting of Shareholders (AGMS) held on August 24, 2021, one of the agendas that has been approved is a change to the plan to utilize PT Inocycle Technology Group Tbk (INOV)'s public offering funds from 2019. The 30% of funds were previously assigned for the development or establishment of new subsidiaries, upon receiving shareholders’ approval, it will be allocated to make payments of the Company's business loans. "With the approval of the change in the use of these funds, INOV's debt expense can be reduced and we hope that INOV's performance in the future will improve," said Victor Choi, as Director of INOV ...

24 Aug 2021 13:30 (4 bulan 27 hari lalu) - PT Inocycle Technology Group Tbk (INOV) meraih penjualan neto Rp305,40 miliar hingga periode 30 Juni 2021 naik dari penjualan neto Rp235,20 miliar di periode yang sama tahun sebelumnya. Laporan keuangan perseroan Senin menyebutkan, laba bruto diraih Rp64,85 miliar naik dari laba bruto Rp35,59 miliar. Sedangkan laba usaha diraih Rp16,39 miliar usai mencetak rugi usaha Rp2,27 miliar tahun sebelumnya. Laba sebelum pajak tercatat Rp9,49 miliar dari rugi sebelum pajak Rp11,03 miliar. Laba tahun berjalan tercatat Rp7,90 miliar dari rugi Rp8,15 miliar tahun sebelumnya. Total aset perseroan mencapai Rp910,67 miliar hingga periode 30 Juni 2021 nai ...

23 Aug 2021 20:23 (4 bulan 28 hari lalu) - JAKARTA - PT Inocycle Technology Group Tbk (INOV) posted positive performance for the first half of 2021, whereas the Company managed to record sales of IDR305.4 billion or and increase of 29.8% compared to the same period in the previous year which was posted at IDR235.2 billion. Meanwhile, their net income soared 197.1% YOY to IDR7.9 billion from a loss of IDR8.1 billion during the same period last year. Victor Choi, Director of INOV mentioned that this achievement was in part due to the improvement in the global recycled Polyester Staple Fiber (re-PSF) prices. "We are grateful that we were able to record a better performance in the first ...