Wilmar targets a 5% to 10% growth in sales and profit
JAKARTA. Despite the ongoing COVID-19 pandemic, PT Wilmar Cahaya Indonesia Tbk (CEKA) aims to secure a 5% to 10% growth in its sales and net profit from its 2020 realisation.
However, despite being optimistic about the performance improvement, the Director of Wilmar, Hairuddin Halim, claimed that his company would still be cautious. It would focus on sustaining its existing production quality while strengthening its financial position to face the current pandemic.
“We project some improvements, but not yet significant,” Halim stated, as quoted from Kontan.co.id. on Friday (28/5). Halim added that this is due to the COVID-19 pandemic that has not yet ended; some countries are even approaching the second or third pandemic waves.
This mindful attitude of CEKA could be observed through several conservative policies taken by this vegetable oil manufacturer, including its plan to expand the business this year. This year, CEKA allocated the capital expenditure limited to operational maintenance and services only. (AM/ZH)