JAKARTA - The flow of imported fabrics and fibers caused PT Asia Pacific Fiber Tbk (POLY)'s sales revenue in Q3 2019 will be lower than in Q3 2018. Because of that, the company will create more value-added products and reduce expenses.
As quoted from the company's public expose sheet, POLY's sales revenue was recorded at US$ 311,153, lower than its record in the same period last year of US$ 356,537. The decline was felt in the domestic market, in which sales revenue fell from US$ 301,043 to US$ 241,492. Meanwhile, export revenue rose from US$ 54,494 to US$ 69,661.
The company's sales revenue came from the sales of polymers (US$ 231,552), staple fibers (US$ 106,397), filament yarn (US$ 100,559), and fleece (US$ 374)
In addition, POLY hopes that the Minister of Finance Regulation (PMK) related to the increase in fabric import duties will increase its sales revenue next year. (LK/AR)