JAKARTA. PT Supreme Cable Manufacturing & Commerce Tbk (SCCO), an electric and telecommunication cable manufacturer, sets the sales growth and net profit growth target to 5.6% and 38%, respectively, this year.
In the fiscal year 2021, SCCO managed to score net sales of IDR 5.02 trillion. Therefore, by aiming to record 5.6% sales growth, the company will boost its performance, expecting IDR 5.3 trillion in net sales by the end of the year.
Meanwhile, SCCO’s net profit in 2021 reportedly reached IDR 142 billion. In other words, the company eyes a net profit of IDR 195.9 billion at the end of 2022.
For reference, in Q1 2022, SCCO’s sales clocked up to IDR 1.61 trillion, which has covered 30.4% of the 2022 target sales. Then, the net profit in Q1 2022 amounted to IDR 86 billion, which has fulfilled 60.6% of SCCO’s net profit target.
SCCO’s sales in 2021 was seen increasing 8.66% yearly. However, the net profit in 2021 was depleted by 40.34%. According to SCCO management, the decline was an effect of quite a significant increase in raw material price. (KR/ZH)