JAKARTA. In the first semester (1H) of 2019, PT Prasidha Aneka Niaga Tbk (PSDN) managed to reduce its losses from Rp 15.86 billion recorded in 1H 2018 to Rp 5.8 billion.
Coffee powder and instant coffee segment helped increase the company's sales revenue from Rp 671.65 billion to Rp 675.04 billion. In addition, PSDN has other businesses such as the trading of agricultural products, plantation and processing of agricultural products.
Finance Director of PSDN, Lie Sukiantono Budinarta, said that by the end of the year, the company' coffee business would still become its main supporter.
"Because coffee prices tend to be more stable and not too volatile, so the company's strategy can be run better," Lie said when contacted by Kontan.co.id, Monday (14/10).
According to Lie, 50% of PSDN's coffee products are absorbed by the local market, while the rest are absorbed by the international market. As for the international market, PSDN targets countries such as Japan, the Philippines, Singapore, Thailand, Vietnam, China, several European countries, and the US. (AM/AR)