Cahaya sees rising profits
Cahaya sees rising profits
JAKARTA (JP): Publicly listed Cahaya Kalbar, the country's
largest producer of specialty fats, booked a Rp 17 billion
(US$7.33 million) net profit last year and expects to see this
rise more than 44 percent to Rp 24.5 billion this year.
The company stated yesterday that last year's net profit was
slightly higher than its revised projection of Rp 16.8 billion.
Its initial projection prior to its listing on the capital
market last July was Rp 11.5 billion.
Without mentioning its total sales, the company said it was
optimistic that its net profit target of Rp 24.5 billion would be
achieved this year.
The company plans to spend $2 million this year buying two
ships to transport its raw materials and finished goods, and $500
thousand to conduct biotechnological research on enzymatic
technology for edible oil and fats.
It also plans to build a plant to produce low calorie and
sugar-free chocolate, and increase its production capacity for
specialty fats, which are widely used as a substitute for cocoa
fat in chocolate. (bnt)
JAKARTA (JP): Publicly listed Cahaya Kalbar, the country's
largest producer of specialty fats, booked a Rp 17 billion
(US$7.33 million) net profit last year and expects to see this
rise more than 44 percent to Rp 24.5 billion this year.
The company stated yesterday that last year's net profit was
slightly higher than its revised projection of Rp 16.8 billion.
Its initial projection prior to its listing on the capital
market last July was Rp 11.5 billion.
Without mentioning its total sales, the company said it was
optimistic that its net profit target of Rp 24.5 billion would be
achieved this year.
The company plans to spend $2 million this year buying two
ships to transport its raw materials and finished goods, and $500
thousand to conduct biotechnological research on enzymatic
technology for edible oil and fats.
It also plans to build a plant to produce low calorie and
sugar-free chocolate, and increase its production capacity for
specialty fats, which are widely used as a substitute for cocoa
fat in chocolate. (bnt)