Inocycle Technology Eyes Sales to Rise 15% in 2021


PT Inocycle Technology Group Tbk (INOV) is optimistic about recording a positive performance by the end of this year with a projected sales growth of up to 15%.

Inocycle Technology Group Director Victor Choi said this was in line with the increasing trend for recycled products and cost efficiency efforts being carried out.

The company is optimistic that it can record a positive performance by the end of this year with a projected sales growth of around 10 to 15%.

"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," he said in Jakarta on Monday (19/7).

Regarding performance, until the first quarter of 2021, the company recorded sales of Rp151.19 billion, an increase compared to the same period in the previous year of Rp133.64 billion.

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