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