INDUSTRY.co.id - Jakarta - From January to March 2017 PT Timah Tbk (TINS) booked Rp65.86 billion profit. In the same period of 2016, TINS ​​still experienced a loss of Rp138.84 billion.

"The net profit was supported by a significant sales increase of 57.24% to Rp2.05 trillion compared to Rp 201.30 trillion in March 2016," said Nur Adi Kuncoro, Corporate Secretary of TINS, during a public exposure at the Jakarta Stock Exchange Building , South Jakarta, Tuesday (08/08/2017).

Nur Adi said that the increase in sales was supported by the average tin price increase which ranged from US $ 19,000 to 21,000 per ton. "Profit is a better achievement than in the previous year," said Nur Adi.

Considering the performance of TINS, Nur Adi is optimistic that the company can achieve this year's revenue target of Rp 13.94 trillion. The target is doubled from the realization of 2016 revenues of Rp6, 97 trillion.

"To achieve the target, the company's management has implemented capacity building program, starting from mining to better production in 2017," said Nur Adi.

He added that not only upstream mining products, on the downstream side, the company has developed downstream products for industry, namely tin for solder and tin chemical (tin chemical). "We hope these efforts will support the revenue generation this year," added Nur Adi.

In addition to the upstream to downstream sector, continued Nur Adi, the company also develops other sectors outside the mining sector, namely the property sector. The development of the property business is done through the subsidiary of PT Timah Karya Properti.

"Currently, we have 176 hectares of land reserves. Approximately 15 hectares of the land will be developed this year and is expected to contribute to the company's revenue on a consolidated basis, "concluded Nur Adi.