JAKARTA - PT Arwana Citramulia Tbk (ARNA) estimates net sales this year to reach Rp 2.29 trillion, up 6.9% compared to the realization of sales in 2019 of Rp 2.15 trillion. The increase in sales is in line with the growth in sales and production volumes.
As quoted from the Company's Public Exposure Sheet on Thursday (5/3), sales volume is targeted to reach 63.70 million m2, up 6.7% from 2019 to 59.68 million m2 and production volume is estimated to reach 63.70 million m2, up from 60.20 million m2. In the last three years, the volume and production of this company showed an increase.
As net sales increase, the company is optimistic that it will be able to print operating profit of Rp 366.65 billion, up from Rp 289.47 billion, while net profit is expected to reach Rp 264.80 billion, up 22.9% compared to the realization of 2019 profit of Rp 215, 53 billion. (LK)