JAKARTA - PT Citra Tubindo Tbk (CTBN) estimates revenue until the end of the year to reach US$ 120 million, up compared to the same period in 2018, revenue of US$ 85.89 million. With the increase in revenue, this year the company will pocket a profit of US$ 5 million.
Quoted from the public expose answer form, the revenue projection will be achieved if there is no late payment from the customer. A large part is due to the billing process in Indonesia. The billing process to customers is quite long and sometimes even takes longer than expected, "said Laurent Dubedout, Commercial Director of PT Citra Tubindo Tbk (CTBN).
According to him, late payment from consumers could cause billing this year to switch to billing in 2020 due to administrative processes on the part of customers. Although there is a potential for switching billing, it cannot predict revenue in 2020. (LK)