Jembo Cable predicts that its performance will be stagnant this year
JAKARTA. PT Jembo Cable Company Tbk (JECC) predicts that its performance will be stagnant this year.
Antonius Benady, Director of JECC, said the company began to feel pressure on sales at the beginning of this year. "At the beginning of this year, JECC sales only reached 64.5% compared to the same period last year," explained Benady as reported by Kontan on Monday (9/3) yesterday.
In the first quarter of this year, JECC projected its sales to be under Rp 500 billion. "Sales decreased significantly, especially sales to PLN," Benady said.
A number of JECC projects given by PLN, said Benady, has been delayed. The company also has not seen any potential for business growth this year. (KR/AR)