This year, Bentoel Internasional Investama Targets Rp1 Trillion Export Income

By : Aldo Bella Putra | Monday, July 24 2017 - 19:40 IWST

5166
5166

INDUSTRY.co.id - Jakarta, PT Bentoel Internasional Investama Tbk targets export revenues of Rp 1 trillion in line with the projected significant increase in exports this year.

"This year's exports are expected to increase significantly compared to last year's realization," said Bentoel International Investama President Director Jason Fitzgerald Murphy in Jakarta on Monday (22/5 / 2017).

The company's decision with RMBA issuer code to boost exports this year is in line with the request of President Joko Widodo who expects to increase exports for tobacco products.

It has also received support from the Directorate General of Customs and Excise, the Ministry of Industry and the Ministry of Commerce on the company's plan to spur exports.

"This year, our export earnings are expected to be around Rp1 trillion as there is a significant increase in exports," said Bentoel International Investama Director Hardeep Khangura.

This year, the company is also very careful to raise product prices, considering that other cigarette companies are also in no hurry to raise the selling price.

In the first quarter of this year, RMBA sales dropped 6.8% annually to Rp4.1 trillion. Meanwhile, cost of goods sold slumped from Rp4.24 trillion in the first quarter of last year to Rp3.59 trillion in the same period this year.

The company's loss decreased from Rp328 billion in the first quarter of last year to Rp68 billion in the first quarter of this year. (Hry / Imq)

News Comment

Today's Industry

The President Director of PT Trimegah Sekuritas Indonesia Tbk (TRIM), Philmon Tanuri (left) delivered remarks at the kick off of Trimegah's collaboration with IA SBM-ITB in Jakarta on Wednesday (05/06/2024).

Jumat, 07 Juni 2024 - 19:43 WIB

Trimegah Sekuritas Supports Ikatan Alumni SBM-ITB to Realise Lifelong Learning Mission

In order to realise its mission of “Educate and create wealth for community through unique and professional investment experience”, PT Trimegah Sekuritas Indonesia Tbk (TRIM) collaborates…

Wellington College Independent School Jakarta (WCIJ)

Senin, 29 April 2024 - 05:02 WIB

One of the UK’s Most Established Schools Chooses Jakarta for Their Latest Opening

Wellington College Independent School Jakarta (WCIJ) is thrilled to announce its grand opening in September 2024! As the first private UK school to open in Indonesia, WCIJ, a pioneering co-educational…

Presiden Jokowi

Selasa, 23 April 2024 - 10:29 WIB

President Jokowi Reaffirms Commitment to Farmers’ Welfare

President Joko “Jokowi” Widodo on Monday (04/22) inspected corn harvest in Boalemo regency, Gorontalo province. “Our corn import has decreased significantly from 3.5 million tonnes to…

Photo: Aris Nurjani/VOI

Rabu, 28 Februari 2024 - 12:47 WIB

Carsurin and NBRI Strengthen Strategic Alliance to Propel Indonesia’s EV Industry

PT Carsurin Tbk ("Carsurin") and the National Battery Research Institute ("NBRI") are pleased to announce the signing of a pivotal Strategic Alliance Agreement (SAA), marking a significant advancement…

Beras (Foto/Rizki Meirino)

Rabu, 21 Februari 2024 - 08:43 WIB

Gov’t to Continue Disbursing Rice Assistance

President Joko “Jokowi” Widodo has ensured that the Government will continue rolling out the rice assistance program for low-income families. The President made the statement when handing…