PT LEN Industry expects profit to triple

PT LEN Industry expects profit to triple

JAKARTA (JP): PT LEN Industry, the state-owned electronics
manufacturing company, expects that its profit will triple to Rp
6 billion (US$2.55 million) this year from Rp 2 billion last
year, Commercial Director Dody Hidayat Rivai said.

He said that the expected surge in profit would be supported
by a 27.5 percent rise in the company's sales revenue to Rp 40
billion this year from Rp 29 billion last year, Antara reported
Saturday.

He said that during the first 10 months of this year, the
company gained Rp 30 billion in sales revenue.

The company, which is overseen by the Management Body for
Strategic Industries, currently has total assets of Rp 70
billion, he said.

LEN Industry produces a variety of electronic components for
several state-owned companies, including railway ticket vending
machines for the state-owned railway company Perumka and postal
machines for the state-owned postal service company PT Pos
Indonesia.

It also produces X-ray machines for the Ministry of
Transportation and builds television relay stations for state-
owned Televisi Republik Indonesia (TVRI) as well as private
broadcasters.

"Out of the 500 relay stations used by TVRI and
other private stations, 80 percent have been installed by LEN
Industry," Dody said.

He said LEN Industry also plans to install 10,000 solar home
systems for customers in eastern provinces of the country next
year.

So far, the company has installed 5,000 solar home systems for
its customers in the country, he said.

In facing tight competition with other companies, LEN Industry
is trying to improve the quality of its products and
services by cooperating with major foreign companies, such as
Westinghouse, General Electric and Motorola, all U.S. companies,
Siemens of Germany, Holec of the Netherlands and Thompson of
Britain. (06)