JAKARTA. PT Catur Sentosa Adiprana Tbk (CSAP) is targeting consolidated revenue growth in 2021 of above 10% in line with the hope of improving national economic conditions.
Idrus H. Widjajakusuma, Corporate Secretary, said that the distribution segment is expected to grow 10 percent, while in the modern retail segment the growth will increase by 15 percent this year.
According to Idrus, the business target that CSAP wants to achieve this year is supported by two things, one of which is the expansion plan of the modern retail segment, namely Mitra10. CSAP will soon open four Mitra10 outlets in several cities, such as Banjarmasin, Tegal, Semarang and Palembang. The construction process for the four new stores is targeted to be completed in stages this year.
Apart from expanding the retail segment, the contribution of private brands is also important, because it can increase better margins and increase profitability. "The contribution of private brands in the retail segment has reached 26 percent, while in the distribution segment it has reached 22 percent," he said as quoted by Kontan.co.id, this week. (AM/LM)