Expansion to Singapore, ERAA Established Erajaya Swasembada Pte Ltd

By : Hariyanto And Aldi Firhand. A | Monday, October 23 2017 - 22:42 IWST

PT Erajaya Swasembada Tbk (ERAA)
PT Erajaya Swasembada Tbk (ERAA)

INDUSTRY.co.id - Jakarta - PT Erajaya Swasembada Tbk (ERAA) established a corporate entity in Singapore under the name Erajaya Swasembada Pte Ltd on October 16, 2017 ago.

Erajaya Swasembada Pte Ltd runs a distribution and retail business in Singapore. Erajaya Swasembada Pte Ltd is 100% owned by the company.

"The development of the company's business network through Erajaya Swasembada Pte Ltd in Singapore," said Corporate Secretary Amelia Allen through information disclosure BEI, last weekend.

The move is considered to encourage the growth of business run by the company.

In the first quarter of 2017, ERAA posted a profit of Rp65.36 billion, up 7.2% over the same period last year of Rp60.89 billion. This achievement is in line with the 6.4% increase in sales from Rp4.85 trillion in the first quarter of 2016 to Rp5.16 trillion by the end of March 2017.

The increase in sales was driven by increased sales from several segments, particularly segments of handset and accessories and electronic vouchers. The largest sales volume is the Rp4.06 trillion mobile phone and tablet.

Meanwhile, sales of electronic vouchers, accessories and starter packs in March 2017 were Rp614.71 billion, Rp132.37 billion and Rp147.84 billion, respectively, growing 47.5%, 55% and 375%, respectively.

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