JAKARTA - PT Indo Straits Tbk (PTIS) is optimistic to reach target revenue of US$ 12.5 million by the end of 2018. In the third quarter of 2018, the company has already gained US$ 8.9 million.
Ronny A. Hendrawan, Corporate Secretary of PT Indo Straits Tbk (PTIS) said that the performance of the company is positive compared to competitors. “This condition is expected to keep improving until the end of 2018,” said he, in Jakarta.
In the third quarter of 2018, the company recorded a gross profit of US$ 2.9 million and a net profit of US$ 65,000.
He said the management is currently trying to reduce bank loan to increase profit. In addition, the management obtained a new mother vessel contract worth Rp 3.6 billion for coal mining. (LK/AR/W)