Alkasa to raise aluminum output

JAKARTA (JP): Increased sales in the first quarter of this year is encouraging PT Alumindo Perkasa (Alkasa), a public aluminum extrusion company, to increase production in cooperation with its affiliate.

Alkasa president Hadi Winarso told reporters after the company's annual shareholder meeting here yesterday that in the first three months of this year, his company's sales increased by 10 percent to 1,084 tons from the same period of last year.

"Our sales revenues, therefore, increased by six percent to Rp 7.3 billion (US$3.3 million) in the first quarter of this year from the same period of 1993," he said, adding that the company expects an increase in its profit to Rp 212 million in the January-March period, from Rp 179 million.

He explained that the company, which produces aluminum curtains, walls, doors and windows, will cooperate with PT Determinan Indah to increase its production for export to Singapore and Japan.

Alkasa has a 40-percent stake in Determinan.

Meanwhile, Hadi said that Alkasa's sales slightly declined to 4,781 tons last year from 4,814 in 1992.

"Last year's net profit also decreased to Rp 1.02 billion from Rp 2.3 billion in 1992," Winarso said.

At yesterday's meeting, shareholders agreed that Alkasa should distribute cash dividends of Rp 40 per share to them on August 28.

Alkasa shares were quoted at Rp 1,300 each on the Jakarta Stock Exchange on Tuesday and at Rp 2,600 on the Surabaya Stock Exchange.(icn)