KIA posts rise in profits

KIA posts rise in profits

JAKARTA (JP): PT Keramika Indonesia Asosiasi (KIA) has
reported an almost six-fold increase in its net profits to Rp
14.57 billion last year, as compared to Rp 2.44 billion in 1993.

The publicly listed company announced yesterday that its sales
rose 237.2 percent to Rp 103.2 billion in 1994 from Rp 43.5
billion in 1993.

It said in a statement that a number of expansion projects,
which are now under construction, are expected to raise the
production capacity of ceramic tiles to six million square meters
per annum next year from around 2.6 million square meters at
present.

The annual production capacity of glazed roof tiles is
expected to increase to 42 million pieces in 1996 from 19.2
million pieces at present, while that of floor tiles is projected
to increase to 5.8 million square meters next year from 1.7
million square meters at present.(hen)