JAKARTA. PT Anugerah Spareparts Sejahtera Tbk (AEGS), an automotive components issuer which has just listed its shares on the Indonesia Stock Exchange (BEI) today, is targeting revenues of IDR 50 billion in 2023.

This was conveyed by Oey Johan Sinatra Sumawi, President Director of AEGS, in his official statement. This year's revenue target is 51.52% higher than 2022 performance.

With this target, Sumawi projects AEGS's net profit to reach IDR 1.37 billion this year and IDR 3.05 billion in 2024. "This year our EBITDA can reach IDR 4.44 billion, while for the 2024 financial year it is projected at IDR 7.13 billion," Sumawi said.

To achieve these targets, AGES plans to increase the supply of spare parts in the domestic and international markets. "We are optimistic about being able to introduce Indonesian products to the international market more widely," said Sumawi.

According to idnfinancials.com data, the number of AGES shares listed on the stock exchange today was 237.69 million shares. In the Initial Public Offering (IPO) that was held, the company raised fresh funds of IDR 23.9 billion. (KR/LM)