“2024 was a year filled with challenges, marked by weak domestic purchasing power, a depreciation of the Indonesian Rupiah against the US Dollar, and a slower performance of our foreign subsidiaries. However, we successfully delivered strong results compared to 2023.” Said Haryanto Tjiptodihardjo, the Company’s President Director.
Going into 2025, the management remains cautious amid geopolitical uncertainties, trade wars, persistent weakness in purchasing power, and currency fluctuations, all of which are expected to pose further challenges following the hardships experienced in the second half of 2024.
Performance in the first half of 2025 is anticipated to be softer due to the number of holidays, including the Eid al-Fitr holidays. However, the Company remains optimistic about meeting its targets in the second half of the year.
The Company has set a revenue target for 2025 to reach IDR4.2 trillion, with a net income target of IDR600 billion. These targets reflect the Company’s commitment to sustainable growth while maintaining operational efficiency and strengthening its competitiveness in the market.
Reporter: PR Wire
Editor: PR Wire
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