BANDUNG-PT Len Industri in 2018 managed to record a net profit of Rp133 billion. This profit is better than in 2017.
"Thank God, we have finished 2018 very well. In 2018, Len Industri posted revenue of Rp.5.3 trillion or an increase of 25.5% from the previous year which amounted to Rp. 4.25 trillion. While the net income is reached Rp. 133 billion or an increase of 117% from 2017 which amounted to Rp. 61 billion, "said Director of Finance and HR PT Len Priadi Ekatama, interrupted by coffee cultivation in Gambung Bandung Regency, Friday (03/22/2019).
The Transportation System business line is the most dominant contributing 68% of the company's total revenue. Followed by the ICT Business Line at 13.4%, Defense Electronics at 9.82%, Renewable Energy by 6%, and Navigation System by 1.4%.
The positive results above were achieved because of the alignment between Len Industri's business lines with the incessant development of infrastructure launched by the government, especially in the fields of transportation and telecommunications. This provides a breath of fresh air for market growth opportunities for this line of business.
The realization of the synergy between SOEs during 2018 began to strengthen cohesiveness and harmony in supporting infrastructure development programs. This is reflected in the successful completion of strategic projects in a timely manner, namely the South Sumatra LRT and Soekarno Hatta International Airport Sky Train.
Synergy will be the starting point for opportunities for follow-up on cooperation in completing similar projects in other major cities, even optimistically at the international level.
Other current strategic projects are Jabodetebek LRT, Jakarta LRT, and the Central Palapa Ring Package Project which recently has been operating. "Sky Toll" which connects 17 cities / districts in Central Indonesia, Telkom and Lintasarta already utilize the (fiber optic) network.
The political year must not be an obstacle, but it must be used as a professional opportunity to develop and advance the company. Opportunity both regionally and globally, operation and maintenance business, and investment business will still color the performance of 2019. Jo