PT Bali Bintang Sejahtera Tbk (BOLA) targets revenues this year to reach Rp209.94 billion.

Based on the 2020 annual report published on Wednesday (4/8), the company projects net profit at Rp32.61 billion, with an operating profit of around Rp23.82 billion and operating expenses of Rp186.12 billion.

BOLA management continues to develop the quality and performance of Bali United to attract the attention of supporters and sponsors.

In 2020, BOLA's revenue was realized at Rp76.41 billion or only 40.32% of the set target of Rp189.52 billion and a net profit of Rp3.34 billion or only 13.28% of the target of Rp25.17 billion.

There has been a decline in income due to the Covid-19 pandemic, resulting in no matches in Indonesia and Asia.

However, the company has made efficiencies by reducing staff and cutting salaries at management, player, and coach levels.