Inhutani V to raise profit

Inhutani V to raise profit

JAKARTA (JP): State-owned PT Inhutani V aims at increasing its
pretax profit this year by 10 percent to 15 percent over the Rp
11 billion (US$4.78 million) achieved last year.

Inhutani V President M. Toha said last year's profit was
higher than the Rp 8.64 billion targeted.

Toha said the profit increase could be expected from prices of
wood which had lately shown signs of improvement.

Toha was quoted by Antara as saying that Inhutani V's sales
last year reached Rp 40 billion.

Inhutani V, which was founded in 1991, has operations in South
Sumatra, Jambi, Bengkulu and Lampung.

It covers a working area of about 958,000 hectares and was
recently ordered by the government to take over the management of
22 private concessionaires and establish joint ventures with four
private concessionaires, covering a total of 1.84 million
hectares of forests. (pwn)