Monday, 29 June 2009 08:31:06
StockWatch (Jakarta) - The management of PT Jaya Pari Steel Tbk (JPRS) expects sales of IDR425 billion in 2009, falling by 42% from IDR733 billion in 2008, the company's director Hadi Sutjipto said.
He said in a report to the IDX, global financial crisis caused steel prices to fall 70% in the global market, so the company's sales dropped 88% in the period of January-April 2009 at IDR74 billion versus IDR411 billion in the same period of 2008.
Even the prices continued fall until the fourth month of 2009 as an impact of the crisis that started in the fourth quarter of 2008, he said. But he expects the prices to rebound in the second half of 2009 since the domestic demand has begun to recover. He said the management is optimistic the company will book IDR425-billion sales in 2009 supported by property development which is expected to recover during that period.
In 2008, the company recorded sales of IDR733 billion, climbing 69% from IDR433 billion in 2007, as prices of steel plates stepped up by an average of 73%. (konrad/bw)
StockWatch (Jakarta) - The management of PT Jaya Pari Steel Tbk (JPRS) expects sales of IDR425 billion in 2009, falling by 42% from IDR733 billion in 2008, the company's director Hadi Sutjipto said.
He said in a report to the IDX, global financial crisis caused steel prices to fall 70% in the global market, so the company's sales dropped 88% in the period of January-April 2009 at IDR74 billion versus IDR411 billion in the same period of 2008.
Even the prices continued fall until the fourth month of 2009 as an impact of the crisis that started in the fourth quarter of 2008, he said. But he expects the prices to rebound in the second half of 2009 since the domestic demand has begun to recover. He said the management is optimistic the company will book IDR425-billion sales in 2009 supported by property development which is expected to recover during that period.
In 2008, the company recorded sales of IDR733 billion, climbing 69% from IDR433 billion in 2007, as prices of steel plates stepped up by an average of 73%. (konrad/bw)
0 comments:
Post a Comment