JAKARTA - PT Telefast Indonesia Tbk (TFAS) projects that this year's revenue and net profit will be IDR 1 trillion and IDR 26 billion, respectively. This was conveyed by Jody Hedrian, President Director of PT Telefast Indonesia Tbk (TFAS) in the public expose quoted on Friday (29/1).
He said that the target would be achieved due to business and technology development. "This year is quite challenging because of COVID-19, but all of the company's business lines are running on track," he said.
For this year, TFAS allocated a capital expenditure of IDR 13 billion for information technology development. The source of the funds comes from the initial public offering (IPO). As of September 2020, TFAS recorded revenue as much as IDR 482 billion and a net profit of IDR 10 billion. (LK/LM)