JAKARTA – PT Formosa Ingredient Factory Tbk (BOBA), a renowned food ingredient manufacturer, is optimistic about being able to attain its revenue target by the end of this year.
“The company has recorded sales of IDR 81.5 billion, which covers 77% of the 2022 financial projection,” Yunita Sugiarto, President Director of BOBA, claimed in the information disclosure quoted Monday (17/10).
According to Sugiarto, the additional revenue is projected to be secured from a collaboration with PT Quaker Indonesia. On top of this, the company also reported of having received a working capital boost of IDR 37.99 billion.
Until now, the consumer of BOBA’s products include Hokben, KFC, McDonalds, Excelso, Kopi Lain Hati, Xiboba, Kokumi, and many other hip modern retailers. (LK/ZH)