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Jembo Cable Company does not set high target in 2019

09 April 2019 17:07

JAKARTA - PT Jembo Cable Company Tbk (JECC) admitted that the company does not set too high of a sales target in 2019, following relatively significant growth in 2018.

This was conveyed by JECC Finance Director Antonius Benady after the company’s Extraordinary General Meeting of Shareholders (EGM) at Mega Glodok Kemayoran in South Jakarta, Tuesday (9/4).

“It’s not too different than this year (2018). [The target is] around 2.8 [trillion rupiahs], because we have to anticipate the political year,” Mr Benady told the press. In 2018, JECC posted net sales of Rp 3.2 trillion.

For this year, JECC has budgeted capital expenditure (capex) of Rp 30 billion. According to Mr Benady, the capex will be used to rehabilitate the company’s machinery. (MS)

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