The Prospective Issuer Sumber Sinergi Makmur (IOTF), Targets a 50% Performance Growth

Sumber: KONTAN.co.id | Editor: Syamsul Azhar

KONTAN.CO.ID - JAKARTA. Just one step away, PT Sumber Sinergi Makmur Tbk, also known as Fox Logger (IOTF), is about to list its initial shares on the Indonesia Stock Exchange (IDX). The company, which sells vehicle GPS, is targeting a performance growth of 50% by the end of 2023.

Fox Logger's CEO, Alamsyah Cheung, said that in the last three years, the company has consistently achieved performance growth. For instance, IOTF recorded a sales growth of about 83% from 2020 to 2021. Then, from 2023 to 2022, its sales value climbed 62%.