Kobexindo Sales Growth 41%

PT Kobexindo Tractors, Tbk (KOBX IJ), reported its revenue worth USD44.70mn during 9M17, or increase 41% compare to same period 2016 worth USD31.70mn. The performance of segments of any heavy equipment sales expectations by becoming the main contributor of the company revenue with sales growth amounted to 56.8%. Company’s revenue growth is higher than its cost of revenue growth which is amounting 34.84%. As a result, company’s gross profit surged 73.95% YoY compare to 9M16.

For the record, Kobexindo Tractors is a great partner and exclusive distributor of the brand of heavy equipment: Doosan (South Korea), Tata-Daewoo (South Korea), NHL (China), Jungheinrich (Germany), and Farm Tractor (Belarus).

Sales growth and the company’s strategy is to continue to improve the efficiency of creating business profit grew significantly from minus USD821,505 in 9M16 to surplus USD3mn in the same period this year. Kobexindo currently has four business segment namely, sales of heavy equipment, spare parts, after sales/ service repair, and lease.