JAKARTA. PT Kino Indonesia Tbk.aims to record 15% sales revenue growth and 30% net profit growth in 2020.
Corporate Finance Director of KINO, Budi Muljono said the company would market the company's products more intensively this year. KINO produces a variety of consumer products, ranging from food, drinks to body care.
"We see a lot of potentials to work on the market in local and foreign markets," he said as quoted by Bisnis.com on Friday (31/1).
Budi added, revenue growth would lead to net profit growth. He projected that the company's net profit growth this year could reach 30%.
As of September 2019, KINO's sales revenue rose by 34.12% to Rp 3.48 trillion. Body care segment is one of the main contributors to the company's revenue, including 'Ovale' products. This segment contributed Rp 1.68 trillion or 47% of KINO's total revenue. (AM/AR)