JAKARTA: Indonesia-based document and IT solution provider, PT Astra Graphia Tbk, is keen to pack IDR3.14 trillion revenue by 2013 or doubles compared to the 2010s revenue at IDR1.57 trillion. The revenue target is aimed to maintain its business growth particularly by preserving its customers satisfaction and optimizing human resources as well as exploring its business, wrote Astra Graphias material presentation.Yes, our company seeks to record doubled growth by 2013. Yet, we cannot expect our company to book 30% growth every year. One thing for sure, we will do our best to accomplish such target, said Astra Graphia President Director Lukito Dewandaya to Bisnis yesterday.Nonetheless, Managing Research of PT Indosurya Asset Management, Reza Priyambada perceived such target as too optimistic. He considered that Astra Graphia must be able to maintain its 30% growth since this year if it is willing to record 100% growth by 2013.Further, he estimated that Astra Graphia only to bag 20% revenue growth to IDR1.88 trillion from last years, IDR1.57 trillion.For the record, Astra Graphia recorded 17.16% from 2009 to 2010, until the end of this year, I guess they can book more than 20% revenue growth. Yet, if they target 100% revenue growth until 2013, then they must maintain 30% growth. It is an ambitious target although it is promising seeing from the market point of view, he said.In line with such ambitious target in 2013, the business arm of PT Astra International Tbk successfully recorded IDR22 billion net income or increased by 22.22% from IDR18 billion in the same quarter last year.With such net income growth, the companys revenue increased by 7.88% to IDR315 billion in the first quarter of 2011 compared to the same period last year, reaching IDR292 billion.Based on the companys audited financial report, Astra Graphia packed 76.88% net income growth to IDR118.41 billion until the end of last year from IDR66.95 billion in the previous year.Such growth was propelled by 17.16% rise of net revenue to IDR1.57 trillion from IDR1.34 trillion. In line with the revenue jump, the cost revenue also surged by 16.59% to IDR1.11 trillion from IDR950.82 billion.No corporate action plan yetRegarding to the corporate action, Lukito unveiled that the company is yet to plan any corporate action such as bond issuance, rights issue, acquisition or even merger. There has not been any corporate action plan yet.Reza suggested Astra Graphia to expand its customers basis particularly the corporate customers as the business highly depends on the customers need. The ASGR-coded stock can be collected by those investors with long term investment.During yesterdays trading, ASGR stood at IDR830 or rose by 6.41% from last weeks closing, leaving the market capitalization at IDR1.1 trillion. (T02/wiw)

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