BAJ expects higher profit

BAJ expects higher profit

JAKARTA (JP): Publicly listed integrated tapioca producer PT
Budi Acid Jaya (BAJ) is expecting a 30 percent increase in its
gross profit this year, the company said yesterday.

BAJ's corporate secretary, Mawarti, said the projected profit
increase was partly due to the high increase of its profit
margins.

She said the gross profit margin rose 40 percent in the first
three months of this year and that the upward trend would likely
continue in the coming months.

PT Budi Acid Jaya, founded in 1979, produces citric acid,
sulfuric acid, tapioca flour and poly propylene woven bag.

Mawarti said that BAJ had recently signed an agreement with
Taiwan investors to build a monosodium glutamate plant in
Lampung, which would export 60 percent of its production to
Taiwan. (gis)