Throughout 2017, Electronic City Income Reach Rp1, 8 Trillion

By : Herry Barus And Aldo Bella Putra | Friday, June 22 2018 - 17:30 IWST

PT Electronic City Indonesia Tbk (ECII) (Foto Dok Industry.co.id)
PT Electronic City Indonesia Tbk (ECII) (Foto Dok Industry.co.id)

INDUSTRY.co.id - Jakarta - PT Electronic City Indonesia Tbk (ECII) revenues in 2017 reached Rp1,818 trillion, up 9.6 percent from Rp1,659 trillion in 2016.
"In 2017, the financial performance improvement is better than 2016," said Vice President Finance HR & GA PT Electronic City Indonesia Tbk Evelyn Hendarta after Public Expose in Jakarta, Thursday (21/6/20018)
He said that in 2017 the company remains consistent in implementing sustainable efficiency in terms of operating expenses, and improving the best service for customers to achieve sales targets.
One new thing is the expense of promotional expenses that began to be enlarged portion on the use of digital media marketing compared with the conventional way newspapers so that efficiency occurs without reducing the goal to get more visitors into the store.
"Net income was recorded at Rp20.7 billion, down compared to 2015 of Rp37 billion," she said.
This decrease is due to maintaining the inventory value of new and not out of date products.
In addition, the closing of six stores that did not reach the target, while the company must bear the operating costs associated with stores that are opened.
"The closing of the outlet depends on sales performance, we always evaluate, if there is a burden on the company's finances and not reach the target, yes, we have to close the shop," she said.
Meanwhile, Marketing Director of Electronic City Wiradi admitted optimistic growth this year will reach double digits.
In the first quarter of 2018, the company recorded sales growth of 8 percent.
At the end of the year, product sales at Electronic City outlets usually increase due to Christmas and New Year celebrations.

News Comment

Today's Industry

One of Apartments offered by Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program

Senin, 09 Juni 2025 - 14:22 WIB

Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program

Savyavasa, a luxury residential development by Swire Properties and JSI Group under PT Jantra Swarna Dipta, in collaboration with Permata Bank, presents a new solution for foreign nationals…

President Prabowo in Thailand

Rabu, 21 Mei 2025 - 10:09 WIB

Indonesia, Thailand Sign MoU on Health Sector, Focusing on Global Capacity, Collaboration

As a part of President Prabowo Subianto’s official visit to Thailand, both countries signed a Memorandum of Understanding (MoU) on health sector, in an effort to strengthen bilateral cooperation…

President Prabowo in Thailand

Rabu, 21 Mei 2025 - 10:06 WIB

Indonesia, Thailand Deepen Cooperation on Security, Trade, and Regional Stability

resident Prabowo Subianto has reaffirmed Indonesia’s strong commitment to deepening bilateral relations with Thailand during the meeting with Thailand’s Prime Minister Paetongtarn Shinawatra…

SD Darmono CEO Jababeka Group with Boediman Widjaja CEO JOE Green Group

Selasa, 20 Mei 2025 - 12:44 WIB

Boediman Widjaja's Technology Ready to be Adopted in Jababeka Industrial Estate (KIJA)

In an exclusive seminar entitled "A Great Step: Boediman Widjaja Story - Going from Indonesia, Thriving in Singapore" held at the President Lounge, Menara Batavia, Boediman Widjaja, Founder…

A total of 55 health professionals who participated in the Binawan Europe program, in the form of international career development scholarships in Austria. (Photo: The Public Relations of Binawan University)

Jumat, 02 Mei 2025 - 10:46 WIB

Binawan and Government Support Indonesian Nurses in Europe through Scholarships

In the midst of the viral #KaburAjaDulu hashtag as a symbol of the young generation's disappointment with domestic working conditions, Binawan responded with real action: dispatching Indonesian…