IPOL - PT. Indopoly Swakarsa Industry Tbk

Rp 104

-3 (-2,80%)

JAKARTA - PT Indopoly Swakarsa Industry Tbk (IPOL) posted US$ 211.6 million of sales revenues in 2018, rose by 6.4% from US$ 198.9 million in the same period of 2017. 

Gordon Zhao Yu Giang, Director of PT Indopoly Swakarsa Industry Tbk (IPOL) said that the sales revenues came from domestic unit production by 64% and  RRT unit production by 36%.  “The operating profit rose by 47.7% from US$ 9 million in 2017 to US$ 13.3 million in 2018,” said he, in Jakarta.

Moreover, the company recorded US$ 4.8 million of net profit in 2018, grew by 130.7% from the net profit achieved at US$ 2.1 million in 2017. EBITDA grew by 21.9% from US$ 20.3 million in 2017 to US$ 24.7 million in 2018. 

According to Gordon, the increase in profit was supported from high-end products, such as high barrier metalise film, non acrylic coated sealable film, and solvent free thermal lamination film. Moreover, the company has successfully pressed the cost production to increase more profit. (LK/W)