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In the year 2008, PT. Voksel Electric Tbk. recorded net sales of Rp 2.27 trillion, or increased 66.89% from sales in 2007 where electrical cable sales achieved Rp1,698 billion or increased 81.89%, copper wire sales achieved Rp 275.35 billion or increased 36.91% and telecommunication cable sales achieved Rp 293.65 billion or increased 31.24% from sales in 2007.
The net income after tax in 2008 decreased to Rp 5.24 billion or -90.25% from Rp 53.70 billion in 2007. The decrease was due to foreign exchange loss caused by the weakening of Rupiah against US$ where Rupiah was closed at level Rp 10,950 per US$ in 2008 compared to Rp 9,419 per US$ in 2007.
The world financial crisis has brought negatif impact on Indonesian economy. It is predicted that the economic growth in 2009 decrease to 4 - 4.5% due to uncertainty in politic. We do hope the Government will continue 10,000 MW power plant project and prepare the construction of transmission line and ...
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