JAKARTA. PT Catur Sentosa Adiprana Tbk (CSAP) sets the sales target of IDR 15 trillion and the net profit target of IDR 220 billion in 2022 following its growing expansion.
Idrus Widjajakusuma, Corporate Secretary of Catur Sentosa Adiprana, explained that based on unaudited in-house data, the net profit of CSAP this year is projected to increase 18% from last year. Meanwhile, its sales in 2022 might grow approximately 11% from the realisation in 2021.
According to Widjajakusuma, in determining the 2022 performance target, his company based its decision on several expansion strategies implemented in the modern retail segment. For instance, there was a plan to introduce three to four outlets, one of which had been opened in January 2022. CSAP would also remodel four existing Mitra10 stores on top of other strategies, including efficiency and digital system development.
Furthermore, CSAP also budgets its capital expenditure of IDR 600 billion, 60% of which is channelled to expanding the modern retail segment in Mitra10 and Atria. “Another 20% will be sent to the distribution segment,” Wijajakusuma added, as quoted by Kontan yesterday (10/2). (AM/ZH)