JAKARTA (Yosefardi) – Cable producer PT Supreme Cable Manufacturing & Commerce Tbk (SCCO)) targets net profit to grow by 17.28% to Rp200 billion this year, compared to Rp169.74 billion last year.
Nicodemus M Trisnadi, SCCO’s director, said the profit growth will be supported by the decline in prices of raw materials such as copper and alluminium.
He said the company also targets to book revenue of Rp3.5 trillion this year, equal to 2012’s revenue as growing wireless business pushes down demand for phone cable.