JAKARTA (Yosefardi) – Garment and textile producer PT Sri Rejeki Isman Tbk (SRIL) is optimistic to book net profit of US$64 million this year, a 15% growth compared to last year.
In first half of 2016, SRIL posted 6.35% profit growth. The Company also targets its sales to grow by 5-8% this year. In 2015, SRIL booked net profit of US$55.66 million on revenues of US$589 million.
Export to Asia accounted for 60-70% while the rest to United States and Europe. SRIL allocates capital expenditure (capex) of US$60 million for this year, used to expand the capacity of spinning, weaving, ready clothes, and garment.