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Kresna Investama expects to reach FY'18 target revenue

Indonesia-based PT Kresna Graha Investama Tbk expects to reach its target revenue of 5 trillion rupiah for the year ended Dec. 31, 2018, IDNFinancials reported Jan. 7, citing Stanley Tjiandra, the company's head business analyst.

This comes amid potential for Indonesia's digital sector, where the technology and digital segments remain the main driver of Kresna Graha Investama's income. The contribution of the firm's digital businesses in 2018 is estimated to be more than 90%, compared with 70% in 2017, and is expected to be higher in 2019.

As of Jan. 7, US$1 was equivalent to 14,081.00 Indonesian rupiah.