VTNY - PT. Venteny Fortuna International Tbk

Rp 402

+2 (+0,50%)

JAKARTA - PT Venteny Fortuna International Tbk (VTNY) is taking a challenging step in debuting through an initial public offering (IPO) despite the current tension in the economic climate. Fortunately, the company has secured advantages and curated strategies to attain its ambitious goals in the future.

Windy Johan, Group Chief Financial Officer (CFO) of Venteny Fortuna International, explained that in order to maintain growth and profitability after IPO, VTNY will pursue cost efficiency to attain higher productivity and revenue. “Unlike most technology companies, which expand their businesses through cash-burn strategy, we tend to focus more on strengthening our fundamental aspects,” he explained during the media briefing session after the Public Expose and Due Diligence Meeting of Venteny yesterday (24/11). “We hope that this IPO will allow the public to witness a company with promising foundations and great future prospects emerges in the market,” he added.

Jun Waide, Founder and Group Chief Executive Officer (CEO) of VTNY, also wishes to maximise the presence of his company through this IPO, as his business proposition is deemed novel in the industry. After gaining recognition, the financial liquidity from renowned financial institutions is projected to entail, allowing VTNY to optimise its B2B financing services.

In the future, in addition to its branches in Jakarta, Bandung, Surabaya, and Lampung, VTNY plans to open 10 additional offices across Indonesia. Meanwhile, in terms of financial performance target this year, Johan aims for 30% to 40% growth in revenue and 400% increase in its profit compared to 2021. (ZH)