JAKARTA - Food and beverage producer PT Siantar Top Tbk (STTP) is targeting 15% sales growth in 2020. As of September 2019, the company posted Rp 2.59 trillion in sales, up 26.73% from Rp 2.04 trillion in the same period last year.
According to the company's stock exchange filing, the targeted sales growth will be contributed by an export increase of 20% and domestic sales growth of 15%. The company is confident that the targets will be achieved as it continues to expand its sales network in Asia, the Middle East, Africa, and Australia. In terms of the domestic market, the company will focus on reaching consumer markets in all regions by strengthening its existing distribution network.
As of September 2019, the largest contributions to the company's sales came from crackers (36%), biscuits and wafers (25%), noodles (27%), and non-products and others (12%). Its operating profit amounted to Rp 454.06 billion, up 68.26% from Rp 269.85 billion, while its net profit significantly rose to Rp 377.16 billion from Rp 199.65 billion in the same period last year. (LK/MS)