JAKARTA. As the economy shows signs of recovery, PT Kalbe Farma Tbk (KLBF) revised this year’s performance target regarding sales and net profit from 7%-10% to 11%-13%.
The official announcement from the management on Monday (25/10) announced that besides upgrading the net sales and net profit target, the company maintained its capital expenditure budget (CapEx) of IDR 1 trillion. These funds would be allocated to expand production and distribution capacities.
The company would also maintain its dividend distribution ratio from 45% to 55% while still maintaining fund supplies and internal funding needs. (AM/ZH)