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KOIN eyes Rp 1.9 trillion in revenue this year

20 June 2019 18:04

JAKARTA - PT Kokoh Inti Arebama Tbk (KOIN) has set a revenue target in 2019 as much as Rp 1.9 trillion. This was stated by Susilowati, Corporate Secretary of KOIN in today's public expose (6/20).

To achieve this, the company plans to expand its distribution to Kalimantan and Sumatra. The company's other strategy is to add new agents in the new regions.

Susilowati added, the company targets contributions from Sumatra and Kalimantan regions to reach 24% and 10% respectively this year. For information, Java is the largest contributor to the company's current revenue.

Last year, the company recorded a net revenue of Rp 1.75 trillion, up from the previous year's achievement of Rp 1.60 trillion. The company's net loss was also successfully suppressed from Rp 14.59 billion in 2017 to Rp 9.99 billion at the end of 2018. (LM)

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