JAKARTA - PT Arwana Citramulia Tbk (ARNA) is optimistic that it is targeting a net profit of IDR 632.58 billion in 2023. Moreover, its team will soon operate the new Mojokerto 5C factory in the first half of 2023.

Edy Suyatno, Director of PT Arwana Citramulia Tbk (ARNA) said that the company is optimistic that it can repeat its positive performance this year. "To strengthen future growth, the company has completed the construction of a new Plant 5C factory in Mojokerto, East Java," he said after the Annual General Meeting of Shareholders (AGMS) in Jakarta, Thursday (9/3).

According to him, the factory will operate in the second quarter of 2023 with a production capacity of 4.4 million m2 per year. In addition, his party has started the groundbreaking process for the 4C plant with a production capacity of 4 million m2 per year, yesterday (7/3).

In 2022, ARNA posted net sales of IDR 2.86 trillion, up 1.24% from 2021 of IDR 2.55 trillion. Net profit was recorded at IDR 576.21 billion, up from IDR 470.90 billion in 2021. (LK/LM)