PT Gajah Tunggal Tbk aims to grow the sales by 15-20 percent next year. Director of Gajah Tunggal Catharina Widjaja said this year the compnay targets the sales as that of last year worth IDR7.96 trillion.
“We could barely explain the net profit as it depends on the fluctuation of rupiah exchange rate against foreign currencies,” she said last week.
The company has just acquired letter of credit commitment worth US$30 million from HSBC Indonesia. Besides, the firm is either seeking US$20 million loans from a local bank. “We have covenant from bond issuance so the loan should be US$50 million at maximum.”
Next year, she says Gajah Tunggal prepares US$30-40 million capital expenditure.
“We could barely explain the net profit as it depends on the fluctuation of rupiah exchange rate against foreign currencies,” she said last week.
The company has just acquired letter of credit commitment worth US$30 million from HSBC Indonesia. Besides, the firm is either seeking US$20 million loans from a local bank. “We have covenant from bond issuance so the loan should be US$50 million at maximum.”
Next year, she says Gajah Tunggal prepares US$30-40 million capital expenditure.
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