JAKARTA - PT Jembo Cable Company Tbk (JECC) has realized capital expenditure of Rp 11 billion as of September 2019, from its total budget of US$ 4 million (Rp 58 billion).
As quoted from the company's public expose, the company used its budget for machinery revitalization. The company expect to receive new machines by early 2020. The new machines are expected to improve the company's production efficiency.
This year, the company targets to record sales revenue of Rp 2.80 trillion, lower than the realization last year of Rp 3.20 trillion. As of Q3 2019, the company has realized sales revenue of Rp 2.15 trillion. Most of the company's sales revenue came from sales of low voltage power cables (61.12%), followed by medium voltage power cables (17.18%), telecommunications cables (13.23%), and other products (8.47%). (LK/AR)