Gajah Tunggal targets 19% sales growth this year
JAKARTA. PT Gajah Tunggal Tbk (GJTL) targets this year's sales to increase by around 19% compared to the sales realization in 2020 of IDR 13.43 trillion.
GJTL Corporate Secretary Kisyuwono explained that the application of anti-dumping duties by the United States (US) Government on tire products from Taiwan, Vietnam, Thailand and South Korea is an opportunity to increase sales of Gajah Tunggal in the US.
According to Kisyuwono, with the improving economic conditions in Indonesia and the world in general, he hopes that sales in 2021 will increase to a level that is relatively the same as sales in 2019, amounting to IDR 15.94 trillion. By looking at this target and sales realization in 2020 which was recorded at IDR 13.43 trillion, this year's sales target will grow by around 19.49%.
GJTL's 2020 net sales amounted to IDR 13.43 trillion, down 15.7%. However, the efficiency implemented by the company posted an increase in net profit of 18.58% to IDR 319 billion. (AM/LM)