Garuda Metalindo (BOLT) Pursue Sales Targets to Close Next Year: https://www.kontan.co.id/tag/pt-garuda-metalindo-tbk/24 November 2022
PT Garuda Metalindo Tbk is optimistic that it will be able to catch up on sales growth compared to the realization in 2021. The automotive component issuer with the ticker code BOLT is pursuing a sales target of IDR 1.43 trillion with a consolidated net profit of IDR 70 billion in the remainder of the 2022 year.
"Sales are indeed projected to increase by more than 20%, but from a profitability standpoint there is a pressure from the increase in material especially," said BOLT Corporate Secretary, Anthony Wijaya when contacted by Kontan.co.id after the company's public expose event, Thursday (24/11) .
As a comparison, BOLT posted net sales of IDR 1.18 trillion throughout 2021 with a consolidated net profit of IDR 82.7 billion. This year's BOLT sales target exceeds last year's realization; while the company's consolidated profit target is set to be lower than the 2021 realization.
Garuda Metalindo (BOLT) Disburses IDR 55 Billion of Capital Expenditure in 2021: https://market.bisnis.com/read/20210907/192/1439249/garuda-metalindo-bolt-gelontorkan-belanja-modal-rp55-miliar-pada-2021/7 September 2021
The issuer of the automotive industry component manufacturer PT Garuda Metalindo Tbk. prepare a capital expenditure (capex) budget of IDR 55 billion. Director of Garuda Metalindo Anthony Wijaya said the company will use the capex to build a new production facility in Cibitung, West Java. In addition, the company also uses this capital expenditure to purchase several new machines, so that the company's product range can be expanded.
Until the first semester of 2021, the issuer coded BOLT has absorbed 25 percent of the company's capex. With the construction of this new factory and the rejuvenation of the machine, the company is optimistic that it will be able to achieve a revenue target of Rp. 1.1 trillion in 2021. BOLT is also targeting a profit increase of 5 percent to 10 percent by the end of this year. The Company will continue the strategies that have been implemented, such as expanding overseas markets and adding new products
Nut, Bolt, Nail and Screw Manufacturing in Indonesia
Indonesia Industry Report and Market Research
January 8, 2024
Industry Code : C38191
Forecast to : 2027
Definition
Nut, Bolt, Nail and Screw Manufacturing in Indonesia This industry consists of enterprises engaged in the manufacture of nails, screws, bolts, hinges, latches and keys made from iron/steel, brass, aluminium, and other metals.
Activities
The primary activities of firms in this industry are:
The Nut, Bolt, Nail and Screw Manufacturing industry in Indonesia research report contain trend analysis, statistics, market size information, industry growth rates as well as major competitors.
Major market segments are identified and also those forces affecting demand and supply within this industry. Performance analysis includes emerging industry trends as well as recent results and performance of each key company. Drawing on the depth of information DIS also provides 5 year forecasts for this industry.
The comprehensive study also examines details such as the barriers to entry, operating cost structure, technology & systems and domestic & international markets. Tables and statistics include: Industry revenue, exports, imports, wages and number of companies in the industry, Industry growth and geographic regional data.
