C.P. Prima sees profit up

JAKARTA (JP): Publicly listed aquiculture firm PT C.P. Prima expects its net profit to rise 80 percent from Rp 20 billion (US$8.51 million) last year to Rp 36 billion this year.

The company also expects net profit to increase a further 92 percent to Rp 69 billion next year.

Prima said the profit increases would be because of shrimping company, CP Bratasena, of which it owns 72 percent.

It said CP Bratasena would benefit from declining world shrimp supplies and from its integrated 24,000-hectare shrimp farm in Lampung. (bnt).