FAST - PT. Fast Food Indonesia Tbk

Rp 2.630

-20 (-0,75%)

JAKARTA - PT Fast Food Indonesia Tbk (FAST) targets the sales revenue will increasing 10% in the end of 2018 compared with the period 2017 as much as Rp 5.48 trillion. In the third quarter of 2017 the commpany’s revenue noted Rp 3.89 trillion.

Director of PT Fast Food Indonesia Tbk (FAST) Justinus Juwono said the sales revenue in 2018 will targeting Rp 6.03 trillion.  “We make projected expansion of restaurant that we still develop to various regions, districts, as well as the addition of restaurants in the cities that already exist, total of 35 KFC new outlets and 20 KFC boxes,” he said in Jakarta.

Started from Manggarai Stationat in end of 2014, KFC Box now have reached 40 stores. For KFC Box, the company could invest up to Rp 1.5 billion with a net area of 100 square meters. Alternatively, for regular KFC Stores, the total net area could reach 300-400 square metres and the investment value could be approximately Rp 4.5 billion to Rp 9 billion.

KFC will use the company’s internal cash for capital expenditure next year, including the renovation of old stores and construction of new ones. The company is quite aggressive in expanding its business. As of September, the total number of KFC stores across Indonesia have reached 599 stores and until the end of this year, the number will increase to over 600. (LM)