Sri Rejeki Isman Tbk (SRIL) expands the garment export to three countries in Europe. The addition of export destination countries will encourage the increase of the export contribution to SRIL revenue from 49% to 60% in 2018.
Their value of export sales reached US$ 181.79 million in June 2016. Allan Moran Severino, the Director of Finance from SRIL, said that the company has not yet revealed the countries’ names because they are still being negotiated. The SRIL export destination countries in Europe are currently Germany, Austria, Sweden, Dutch, and United Kingdom (UK).
Welly Salam, Corporate Secretary from SRIL, said that the largest SRIL export market is the Asian countries with 70% contribution to the export sales. The American contribution is 20% and European contribution is 10% to the export sales.
In trading on Thursday (4/8), SRIL share remained 270 IDR. Bahana Securities recommended Buy for SRIL share with a target price 340 IDR. (*)
| Sri Rejeki Isman Tbk Performance | |||
| In million USD | |||
| Note | H1 2016 | H1 2015 | Changes |
| Sales | 371 | 362 | Up |
| Net Profit | 31,9 | 30,1 | Up |
| Total of Asset | 852 | 783 | Up |
| Total of Loan | 498 | 452 | Up |
| Ratios: | |||
| Gross profit | 20,5% | 21,1% | Down |
| Net Profit | 8,6% | 8,8% | Down |
| Total of Loan or Asset | 58% | 58% | Same |
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