Garuda Metalindo will Focus on Export Market

PT Garuda Metalindo, Tbk (BOLT IJ)’s financial performance is less encouraging during January – September 2017. Company’s revenue in automotive parts slightly lower 0.38% from IDR773.23bn in 3Q16 to IDR770.28bn in 3Q17. While, net profit decrease 10.75% from IDR92.45bn to IDR82.51bn. According to company’s statement, the declining in income occurs due to the growth of domestic automobile industry is still sluggish. For the record, Garuda Metalindo is a manufacturer of automotive components such as Honda, Toyota, Daihatsu, and others.

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