JAKARTA - PT Repower Asia Indonesia Tbk (REAL) will obtain its revenues of Rp 72 billion by 2020, up 190% compared to projected revenues until the end of this year of Rp 24.8 billion. This was said by the President Director of PT Repower Aulia Firdaus when listing the initial shares on the Indonesia Stock Exchange (IDX) today.
In addition to setting an increase in revenue target, the company is also projecting a net profit of Rp 9.6 billion in 2020, up from the net profit realization target of Rp 6.36 billion by the end of this year.
"To achieve this target, the company will implement four strategies. First, business expansion. Second, focus, be on time, and be committed to completing ongoing projects. Third, always innovating and developing unique, creative, and quality products, and finally, targeting the middle-income market, "he said.
In the IPO, Repower released 2.5 billion new shares (37.69%) with an exercise price of Rp 100 per share. The total funds obtained from the IPO reached Rp 250 billion. At the time of a public offering (pooling), the company's shares were oversubscribed as much as 87.42 times. The Financial Services Authority includes REAL's shares in the list of Islamic shares. (LK)