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SRITEX DOMINATED THE MARKET IN 2017

Jakarta July 2017


Menteri PerdaganganPT. Sritex

General Meeting of Shareholders (GMS) of PT Sri Rejeki Isman (Sritex) in Solo, more recently, decided to give dividends worth Rp 163.6 billion for the company's net profit in 2017. The total dividend increased significantly, which is an increase of 193 percent compared to the previous year of Rp. 55.78 billion.


As quoted from one of the national daily President Director of PT Sri Rejeki Isman Iwan Setiawan Lukminto after the GMS said that the dividend will be distributed to 20.452.176.844 shares and will be paid June 21 to the shareholders listed in the Company's Shareholders Register as of May 31, 2018.


Iwan further said, with the increase in profits during 2017, the company based in Sukoharjo was able to show stronger performance and increase by posting sales of 759.3 million US Dollars during 2017, up 12 percent from 2016 sales of 679.9 million US dollars . The company's total export sales last year were 405 million US Dollars and contributed 53.3 percent of total sales with a 13.4 percent increase compared to 2016 export sales.


" The increase in the total sales of the company during 2017 is a manifestation of the success of the strategies implemented. Includes increased production capacity, efficient production and operational processes and focus on selling value-added products, " he explained. Iwan Setiawan stated, when compared to some domestic competitors, Sritex was still the market leader in 2017 with a record of greater sales than competitors. He said he saw that national textile industry as a whole still going to experience an increase. Moreover, considering the trend of increasing demand from customers, accompanied by the addition of the customer base.


Countries in the Southeast Asia region contribute nine percent to the global textile market share. While in Southeast Asia, Indonesia's contribution reached 30 percent for the textile market share. & quot; The performance of Indonesian textile exports, over the past few years, has averaged 7.9 percent per year, " he said

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