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Projected Highest 3Q20 Revenue Recognition
Sidoarjo, November 11st, 2020
Largest vertically integrated wooden products manufacturer in Indonesia, PT Integra Indocabinet Tbk (WOOD IJ) projected 3Q20 net sales would be the highest since the IPO in 2017.
The 3Q20 sales will be contributed strong export sales for both furniture and building component segment and growing domestic sales. Coupled by the improving gross margin, we should also expect to see highest net profit to be booked in 3Q20.
We expect the trend will continue going forward seeing the huge potential for our sales order to keep growing given the implementation of anti-dumping and anti-subsidy duty on China will still ongoing, hence the 4Q20 achievement expected to be even better than 3Q20. Therefore, our revenue target of IDR2.6tn will be achieved in 2020FY. We also target the company sales will keep growing going forward seeing the large opportunity for Integra to further expand its market share particularly in US.
About PT Integra Indocabinet Tbk:
Founded in 1989 in Sidoarjo, East Java, PT Integra Indocabinet Tbk is the largest vertically integrated wooden products manufacturer in Indonesia. Integra has established itself as the fastest growing furniture manufacturer with international and domestic accreditation. Integra promotes the use of sustainable resources and supports the livelihoods of local communities. The group employs over 2,500 team members across Indonesia.
For further information, please contact:
E-mail : email@example.com
Tel : (62 31) 891 0434
Website : www.integragroup-indonesia.com