JAKARTA (Yosefardi) – PT Electronic City Indonesia Tbk (ECII) targets its revenue to grow by 35-45% this year, compared to Rp1.93 trillion to Rp2.07 trillion estimated for last year, Investor Daily reported this morning.
The company also expects to book net profit of Rp269-181 billion in 2013, compared to Rp125 billion in 2012.
ECII allocates capital expenditure (capex) of Rp850 billion for this year and next year, funded by internal cash, to fund 20 new outlets project. Currently the company operates 66 outlets.
Sales of audio video and home appliance contributed 80% of total sales. Other products are gadget, office equipment, mobilephone and computer.