Perhutani firms turn profits

Perhutani firms turn profits

SEMARANG, Central Java (JP): State-owned forestry company
Perhutani I, which oversees state forests in Central Java,
recorded profits of Rp 140.3 billion (US$59 million) last year,
up from Rp 137.1 billion in 1995, the company said yesterday.

Vice president Tangsing Soetjipto said revenue reached Rp
362.2 billion last year, including Rp 225.1 billion from domestic
sales and Rp 87.5 billion from exports.

He said the company lost around Rp 1.4 billion from timber
theft, fires, illegal felling of trees and illegal cattle-raising
on forest land last year.

He said the company would try to decrease losses this year by
making better inspection of forests and better coordinating
related agencies.

Meanwhile, Perhutani II, which oversees state forests in East
Java, recorded profits of Rp 153 billion last year, company
president Bambang Sardjito said in Surabaya on Monday.

Bambang said company revenues had reached Rp 330.3 billion
last year, up from a target of Rp 327.8 billion. In the past year
71 percent of sales came from domestic sales and 29 percent from
exports. (har/jsk)