ENVY expects to generate Rp 180 billion in revenue in 2020
JAKARTA. PT Envy Technologies Indonesia Tbk (ENVY) expects to generate Rp 180 billion in revenue and Rp 12 billion in net profit this year.
Dato ’Sri Mohd Sopian bin Mohd Rashdi, President Director of ENVY, said he was optimistic that the target could be achieved by the company, considering there are a number of new contracts that are being worked on by the company until next year.
"Achievements in September 2019 have exceeded the target, and we are optimistic that we can achieve the 2020 target," Rashdi was quoted as saying by Kontan on Wednesday (27/11) today.
As of September 2019, ENVY has generated Rp 121.4 billion in revenue, 147% higher than its record in September 2018. Meanwhile, the company's net profit also grew by 79% YoY in 2019 to Rp 5.51 billion. (KR/AR)