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Sri Rejeki Isman eyes double-digit growth this year

23 April 2019 08:27 AM  Company: PT. Sri Rejeki Isman Tbk[SRIL]
Rp. 328  +6 (1.86%)

JAKARTA - PT Sri Rejeki Isman Tbk (SRIL) is optimistic that the company will record double-digit growth this year.

Based on the company’s financial statements, SRIL’s sales surged 36.1% year on year (yoy) to US$ 1.03 billion in 2018. “We were supported by orders, 95% of which came from existing customers,” SRIL Corporate Secretary Welly Salam told Kontan.co.id, Monday (22/4).

SRIL’s revenue growth also affected to the company’s net profit. In 2018, SRIL’s net profit reached US$ 84.5 million, up 24.2% yoy from US$ 68.03 million in 2017.

According to Mr Salam, the company’s business in 2019 has the potential to grow rapidly. “For this year we are targeting the top line and the bottom line to grow 10%-12%,” he said. (MS)

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PT. Sri Rejeki Isman Tbk [SRIL]   Rp. 328   +6 (1.86%)