Lionmesh Prima Targets Net Sales to Increase 11.60 Percent this Year

INDUSTRY.co.id - Jakarta - This year, PT Lionmesh Prima Tbk (LMSH) targets net sales of Rp250.25 billion, an increase of 11.60% from last year's realization of Rp224.37 billion.

The plan to achieve the net sales was supported by volume growth of about 1.8% or to 26,000 tons, from 25,537 tons recorded last year.

Management of PT Lionmesh Prima in information disclosure BEI on Friday (22/6/2018) states, this step following the growth of domestic steel consumption is estimated to penetrate 14.5 million tons this year.

In addition, the onslaught of infrastructure development and the upward trend in prices are predicted to improve the condition of the domestic steel industry.

However, domestic steel demand is still met by imported steel. In addition, potential customers of SOEs have synergized and entered into long-term contracts with state-owned suppliers.

With the sales achievement plan, the company's net profit this year is targeted at Rp9.72 billion. The projected value is lower than last year's achievement of Rp12.97 billion.

Al results, net profit margin is expected to be lower or to 3.89%, from the previous year's realization of 5.78%. (imq)