PT Inocycle Technology Group Tbk (INOV) until the first quarter of 2021 recorded sales growth of 13%, reaching Rp151.19 billion compared to the same period in the previous year of Rp133.64 billion.

"We are grateful to be able to maintain sales growth in the midst of this pandemic condition. Along with the government's sustainability programs, it turns out that it has helped increase people's use of recycled products," said Inocycle Technology Group Director Victor Choi on Thursday (1/7).

Until March 2021, the company's sales were dominated by Re-PSF products amounting to Rp102.95 billion and then followed by sales of non-woven products (non-woven) which reached Rp32.09 billion, up 56% compared to the same period in the previous year.

"Meanwhile, homeware products were recorded at Rp15.80 billion, an increase of 21% compared to the same quarter in 2020," he explained.

In addition, the company's operating expe