JAKARTA - PT Gunawan Dianjaya Steel Tbk (GDST) is optimistic of being able to score sales of IDR 2.5 trillion at the end of 2024, relatively stable compared to 2023 sales. In order to attain this target, the company will maintain export sales in Southeast Asia market.

In the minutes of public expose quoted Friday (13/9), Hadi Sutjipto, Director of GDST, said that 2024 projection remains aligned with sales target, with net profit margin of 5%.

Until July 2024, GDST’s sales realisation hit IDR 1.7 trillion, and the profit before taxes reached IDR 99 billion or 5.9% of total sales. In addition, EBITDA was recorded at IDR 136.6 billion.

Then, sales of plates in domestic market of IDR 1.07 trillion, exported plates of IDR 18.11 billion, waste of IDR 56.44 billion, and slab of IDR 245.75 billion.

In December 2023, its sales were reported at IDR 2.52 trillion, with gross profit of IDR 462.72 billion and profit for the year of IDR 212.98 billion.

The primary contributor of sales is plates in domestic market of IDR 2.24 trillion, followed by waste of IDR 121.44 billion, slab of IDR 115.06 billion, and exported sales of IDR 46.69 billion.

On the other hand, this company will also optimise efficiency and avoid forex loss on rupiah. (LK/ZH)