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This decrease is due to maintaining the inventory value of new and not out of date products.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

Images By : Freepik

Sabtu, 14 September 2024 - 16:56 WIB

Essential Tips for Choosing Personal Health Insurance in the US

Choosing the right health insurance plan in the United States can be a complex task, especially with the variety of options available and the ever-changing landscape of healthcare policy. Here…

Images By : Freepik

Sabtu, 14 September 2024 - 16:53 WIB

The Top 10 Insurance Companies in the US for 2024

In the ever-evolving landscape of insurance, selecting the right company can significantly impact your financial security and peace of mind.

Images By : Freepik

Jumat, 13 September 2024 - 15:37 WIB

Why Airbnb Become Popular in 2024?

Airbnb fosters a more interactive experience between hosts and guests. Through direct messaging, guests can inquire about specific details, negotiate pricing, or clarify expectations, which…

Flag of the United Nations Organization.

Kamis, 15 Agustus 2024 - 14:26 WIB

Modena Officially Becomes a Member of the UN Global Compact

Commited to transforming towards sustainable business practices, Modena the global home appliance established over 60 years ago in Italy, officially became a member of the UN Globe Compact (UNGC)…

Totolink outlet. (Photo: Public Relation of Totolink)

Kamis, 11 Juli 2024 - 22:08 WIB

Totolink Strengthens Commitment to Innovative and Reliable Network Solutions for Indonesia

Marking a strategic step, Totolink Indonesia proudly announces the enhancement of its head office in Jakarta, located at Harco Mangga Dua Blok E No.28, Sawah Besar, Central Jakarta.