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GARUDA AIMS TO DOUBLE PROFIT TO US$57 MLN THIS YEAR.
JAKARTA, Aug 1 Asia Pulse - Garuda Indonesia intends to double its net profit this year to Rp516 billion (US$56.7 million) from a year earlier, its president director said.
"We aim to increase it by up to two-fold," Emirsyah Satar said following a discussion on state-owned companies' performance here on Thursday.
The profit would be the result of the company's success in raising transport capacity, improving efficiency and expanding its market, he said.
Garuda would increase its fleet including operating planes under a lease contract as part of efforts to improve its transport capacity, he said.
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Source: HighBeam Research, GARUDA AIMS TO DOUBLE PROFIT TO US$57 MLN THIS YEAR.