Inhutani expects smaller profit

Inhutani expects smaller profit

JAKARTA (JP): State owned timber company PT Inhutani I in East
Kalimantan expects to book before-tax profits totaling Rp 68.4
billion (US$9.8 million) this year, but predicted much smaller
profits of Rp 26.2 billion next year due to a sharp decline in
timber output.

Inhutani's production director Sri Sudiharto told a media
conference on Wednesday the company's log production would fall
as clear-cutting concessions in conversion forests, which are
currently monopolized by Inhutani I, would also be awarded to
private companies.

Sri said Inhutani's log production next year would most likely
decrease to 884,000 cubic meters from an estimated 1.05 million
cubic meters this year. (06)