JAKARTA - PT Kedaung Indah Can Tbk (KICI) targets the company's revenue to grow in the range of 15% in 2019. This was conveyed by Hadi Mulyono, Director of KICI during the public expose.
Hadi explained that 2019 was a difficult year, due to the declining purchasing power of the domestic community in the midst of political years and the shift in the market to digital.
"We must realize that in 2019 the purchasing power of the people is quite down, we must be realistic to achieve that," Hadi explained to idnfinancials.com.
For information, last year the company recorded net sales of Rp 86.92 billion. Contributions to revenue were dominated by domestic sales of Rp 69.28 billion and export sales of Rp 17.65 billion. This year, the company also targets net profit to grow 10%.
Regarding capital expenditure, the company only budgeted Rp 10 billion in operational expenditure, because the company had no plans to make new investments with large capex requirements. (LM)