Ifishdeco optimistic about 2 million MT of nickel sales

PT Ifishdeco Tbk (IFSH) is optimistic that it can achieve the sales volume target of 2 million metric tons (MT) this year. This was conveyed by Muhammad Ishaq, Director of PT Ifishdeco Tbk (IFSH) in an information disclosure quoted on Wednesday (7/4).

According to him, in the first quarter of 2021, the company recorded sales of 424,000 MT. “The company has added a number of production equipment to increase production volume. Therefore, management is optimistic that the sales target will be achieved by the end of the year,” he said.

He conveyed that nickel sales were still for the needs of the domestic market because the government still prohibited the export of nickel ore.

In 2020, IFSH posted a sales volume of 781,767 MT with revenues of IDR 395.01 billion. In 2019, sales volume was recorded at 2,264.00 MT with revenues of IDR 1.08 trillion.

Source:https://www.idnfinancials.com/news/38698/ifishdeco-optimistic-nickel-sales