Radiant Utama will revise its targets for 2020
JAKARTA. PT Radiant Utama Interinsco Tbk (RUIS) will revise its targets for this year and its capital expenditure (CapEx) budget, due to the impact of the coronavirus pandemic.
"RUIS will review the targets for 2020, particularly the downside scenario, taking into account several things in order to find out the company's overall financial sustainability," President Director of RUIS Sofwan Farisyi was quoted as saying by Kontan.co.id, Wednesday (8/4).
Sofwan explained that the company's CapEx budget for this year will also be revised. RUIS initially prepared a budget of Rp 70 billion to Rp 80 billion. The target revision of the oil company will be carried out since some of the company's projects may be postponed due to the coronavirus pandemic.
According to Sofwan, a review of the target will be carried out by considering several things including aspects of policy relaxation from the government that have an impact on the company's bottom line results.
The company also has taken a number of anticipations and mitigations to maintain the company's performance in the midst of the pandemic. (AM/AR)