Feb 19, 2011

Mandom eyeing Rp1.6 trio sales

PT Mandom Indonesia Tbk (TCID), cosmetic products maker, plans to jack up its sales by 8.84% to Rp1.6 trillion this year from Rp1.47 trillion last year, a 5.69% increase from 2009's total sales.
Reiko Ishikawa, Mandom Corporate Secretary, in an official statement submitted to Indonesia Stock Exchange (IDX) last night, said of the total sales last year, domestic market made 1.09 trillion and the remaining was coming from export market. As a result, Mandom 2010's net income reached Rp131 billion. In 2013, Mandom estimates to post Rp2 trillion sales.   

Disclosure: No position at the stock mentioned above.
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