Duta Pertiwi's profits

JAKARTA (JP): Publicly listed PT Duta Pertiwi Nusantara expects a 15 percent increase in net profit and sales this year due to the glue industry's bright prospects.

The company recorded total sales of Rp 34.70 billion (US$14.2 million) and net profit of Rp 6.93 billion last year.

The company's president Siang Hadi Widjaja said plywood demand, including particle board and medium density fiberboard, was projected to increase significantly this year.

"The increase in housing and construction projects will surely boost the performance of the glue industry," he said after a shareholders meeting here yesterday. (09)