ANTAM Opens Logam Mulia Gold Boutique in Balikpapan, East Kalimantan
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Jakarta, June 2, 2014 - PT ANTAM (Persero) Tbk (ASX -ATM; IDX – ANTM; ANTAM) is pleased to announce that the company opens Logam Mulia (LM) Gold Boutique in Balikpapan, East Kalimantan. The LM Gold Boutique opening is part of ANTAM strategy to expand its domestic retail market to increase the gold sales.
ANTAM's Balikpapan Gold Boutique is located in Main Lobby of Panin Tower, Jend. Sudirman Street No. 7, Balikpapan, East Kalimantan. Its the company's seventh Gold Boutique. In 2014, ANTAM plans to expand a further 5 to 10 additional LM Gold Boutiques throughout Indonesia, and optimizing sales in 5 existing Gold Boutique LM in Jakarta, Bandung, Surabaya, Makassar, Palembang and Semarang.
ANTAM's Operation Director, Tedy Badrujaman said:
Related to the expansion, in 2014 ANTAM has set target to 13.6 tons in gold sales volume increased 46% of gold sales realization in 2013 of 9.3 tons. Gold made up the largest share of ANTAM's unaudited net sales in the first quarter of 2014, contributing Rp1.16 trilion or 52% of the total unaudited net sales of Rp2.22 trilion.