JAKARTA. PT Jembo Cable Company Tbk (JECC) still relied heavily on the domestic market in the third quarter of 2019.
JECC's domestic sales was recorded at Rp 2.14 trillion or 99.43% of its total sales of Rp 2.16 trillion, while export sales only amounted to Rp 13.22 billion. The company's total sales dropped 9.67% year on year (yoy).
Low voltage power cables dominated JECC's sales, which consisted of aluminium cables (Rp 398.60 billion) and copper cables (Rp 920.98 billion), followed by high voltage power cables (Rp 370.94 billion) and telecommunication cables (Rp 285.70 billion).
Sales to PT PLN (Persero) were the primary contributor at Rp 547.65 billion or 25.38%, followed by sales to PT Siniarmonas Industries (Rp 414.90 billion) and PT Monaspermata Persada (Rp 202.79 billion).
In Q3, JECC posted a net proofit drop of 7.88% yoy to Rp 70.35 billion from Rp 76.38 billion in Q3-2018. (AM/MS)