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Spindo is confident of IDR 6.3 trillion of sales in 2022

14 October 2022 10:21

JAKARTA – PT Steel Pipe Industry of Indonesia Tbk (ISSP) or Spindo is optimistic about its sales target in 2022 of IDR 6.3 trillion, which is 17.12% higher than the sales recorded in 2021.

Johannes W. Edward, Corporate Secretary of Steel Pipe Industry of Indonesia, revealed that the company’s performance until September 2022 had shown quite a positive result, both in volume and value of sales. “Until now, the sales are decent, both volume- and value-wise. We are quite confident to be able to attain the specified target,” he added, as quoted by Kontan yesterday (13/10).

In H1 2022, ISSP managed to post 44.84% sales growth year-on-year (yoy) to IDR 3.17 trillion, higher than IDR 2.19 trillion recorded in H1 2021. The local market still dominated the sales, covering 94% or IDR 2.99 trillion of the revenue, followed by the export market that generated IDR 173.51 billion.

Edward is quite assured that his company could reach the sales growth target. However, there is a looming worry regarding the current global economic situation that slowly destabilises in the last quarter of 2022. (AM/ZH)

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