JAKARTA - PT Jaya Swarsa Agung Tbk (TAYS) allocates capital expenditure (capex) budget of IDR 20 billion to IDR 25 billion in 2024.

Andre Sanusi, Director of TAYS, said that the capex will be allocated to purchase additional machine to enhance goods’ quality. “It will be more efficient and our [goods’] quality will penetrate Japan market,” he said during the public expose, quoted Friday (15/12).

According to Sanusi, next year’s revenue is projected to IDR 386 billion, supported by added machine and export destination. “We will expand distribution, both local and international, by pairing up with strong partners in the distribution of network expansion,” he added.

Within the past four years since 2019, the performance has been consistently grown. In 2022, the revenue is reported at IDR 332.26 billion, shifting from IDR 296.37 billion seen in 2019. The net profit arrived at IDR 7.28 billion, higher than the previous loss of IDR 816 million in 2019. (LK/ZH)