JAKARTA. PT Aneka Gas Industri Tbk (AGII) is eyeing 10%-14% growth until the end of 2019 due to support from the retail and medical sectors.
AGII CEO Rachmat Harsono said the company's revenue growth is currently supported by rising average product prices, which caused the company's EBITDA to grow 4.7% year on year (yoy) in the third quarter of 2019. "Our revenue target at the end of the year is expected to surpass 10% to 14%," said Mr Harsono as quoted by Kontan, Tuesday (12/11).
In Q3 AGII posted Rp 1.61 trillion in revenue, up 10.5% yoy from Rp 1.46 trillion. Sales in the retail and medical sectors contributed 53% to the company's total revenue, and thus Mr Harsono said the company will maximise sales from the two segments.
"We are trying to offer gas products that are more varied and suit our customers' needs," said Mr Harsono. (KR/MS)