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ANTAM Opens Logam Mulia Gold Boutique Jakarta Sarinah

05/19/2015
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Jakarta, May 19, 2015 - PT ANTAM (Persero) Tbk (ASX - ATM; IDX – ANTM; ANTAM) is pleased to announce the opening of the Logam Mulia (LM) Jakarta II (Jakarta Sarinah) Boutique, located in the Sarinah Building in Jakarta as part of the company's strategy to expand its gold business.

ANTAM's President Director Tedy Badrujaman said:
"The opening of the Logam Mulia Jakarta Sarinah Gold Boutique is a testament to ANTAM's commitment to boost the company's performance through increased gold sales. In addition to the acceleration of the completion of the company's nickel and bauxite development projects, gold business remains one of ANTAM's main priorities. The boutique is ANTAM's 11th gold outlets. Previously the company opened 10 LM Gold Boutiques located in Jakarta, Bandung, Surabaya (2 stores), Makassar, Palembang, Semarang, Balikpapan, Banjarmasin and Medan."

In the first quarter of 2015, ANTAM's gold sales amounted to 3,792 kg or 38% of the 2015 sales target of 9,963 kg. Gold made up the largest share of the company's sales in the period, contributing Rp1.94 trillion or 68% of the company's revenue.

The LM Jakarta Sarinah Gold Boutique is located on the second floor of the Sarinah Building on MH. Thamrin Avenue No. 11, Jakarta. Apart from being the company's strategy to expand its business, this corporate action aims to widen ANTAM's reach in the gold retail market to augment the company's gold sales while improving services, increasing the ease of transactions, creating comfortable and safe atmosphere to purchase gold products as well as providing education the customers on gold investing. 

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