JAKARTA. The management of PT Galva Technologies Tbk (GLVA) is optimistic about its year-end performance growth, estimating consolidated sales and net profit of 30% year-on-year (yoy). This optimistic view will rely on the tech-savvy generation and avid consumers of digital products.
Oki WIdjaja, President Director of GLVA, claimed that the company’s next year target will be attainable as the growth reportedly coincided with sales increase. “We believe that the future target will be realised, considering the consistent growth in sales that has been propelled by the possible rising of tech-savvy generation and digital avid consumers, as well as behaviour changes and digital transformation needs post-COVID-19,” he explained to the media yesterday (28/11).
Widjaja believes that GLVA’s constant progress cannot be separated from GLVA’s expansion to new business unit, as signified by the sales and net profit of GLVA that continue to increase yearly since its debut through the initial public offering (IPO) in December 2019. “Through the financial repot of the third quarter of 2022, we revealed that the growth projection each year will reach at least 30% in 2022 and 2023,” he added.
Meanwhile, GLVA’s target next year is decided after considering the prospect of sales this year, while still assuming a conservative level of achievement. As of Q3 2022, GLVA collected IDR 51.59 billion of net profit, prolifefrating 122% from IDR 23.20 billion seen in the same period last year. (AM/ZH)