JAKARTA. PT Selamat Sempurna Tbk (SMSM), a machine and automotive spare part manufacturer, aims to drive its 2023 sales 10% upward.

In order to attain this target, SMSM prepares a capital expenditure budget of IDR 150 billion. Other than that, the company plans to optimize assets to support the company’s sales growth objective.

“We will also be more discipline in cost management, as well as enhancing efficiency and effectiveness, in order to reduce existing costs,” Ang Andri Pribadi, Chief Financial Officer of SMSM, stated, as quoted in Investor Daily.

For the record, SMSM is currently relying on export activities. Approximately 70% of its sales came from foreign trading.

“We are currently trying to add more export destination countries. However, the penetration in the existing market will focus on expanding the market share of the company in each existing export countries,” Pribadi mentioned.

In November 2022, SMSM reportedly distributed its third interim dividend of IDR 25 per share. The total interim dividend channelled by SMSM at that time clocked up to IDR 143.96 billion. (KR/ZH)