Depo Bangunan sees 4.8 per cent hike in sales

Indonesian home improvement company PT Caturkarda Depo Bangunan has reported a 4.8 per cent increase in revenues for 2023, to 2.681 trillion Indonesian rupiah (IDR, EUR 155.8 mio). In its financial report submitted to the Indonesian Stock Exchange, Depo Bangunan noted that almost 60 per cent of the revenues were accounted for by its building materials business, while 37.7 per cent came from its finishing materials category. The rest were covered by other products.

The company closed 2023 with 13 branches, and plans to add four more this year. Depo Bangunan, which listed on the Indonesian bourse in 2021, is 22 per cent owned by Global House International, a subsidiary of Thai home improvement retailer Siam Global House and Thai industrial conglomerate Siam Cement Group.