Singaraja optimistic to earn IDR 399.3 billion revenue by the end of this year
JAKARTA - PT Singaraja Putra Tbk (SINI) is optimistic that it will earn Rp 399.3 billion in revenue by the end of this year. This was conveyed by Eric Tjandra, President Director of SINI in the minutes of public expose quoted on Friday (7/10).
As of June 2022, this processed wood company posted revenue of IDR 216.29 billiom or 54.16% of the 2022 target. This achievement grew 41.63% of revenue in the same period in 2021 as much as IDR 152.71 billion.
In the first semester of 2022, gross profit and operating profit were recorded at IDR 54.24 billion and IDR 10.75 billion, respectively. Meanwhile, the profit for the current period was IDR 5.25 billion or equivalent to 59.22% of the IDR 8.86 billion revenue target.
The management of SINI subsidiary made visits to customers in Europe and United States to maintain relationships in the marketing field. SINI's subsidiaries include PT Interkayu Nusantara and PT The Room Indonesia. (LK/LM)