Bakrie Plantations to post IDR3 trillion revenue

Wandrik Panca Adiguna
Wandrik Panca Adiguna - 13 Desember 2010  |  10:31 WIB

JAKARTA: Palm oil producer PT Bakrie Sumatra Plantations Tbk (UNSP) is predicted to post IDR3 trillion in their year-end revenue, higher than IDR1.89 trillion in third quarter of 2010.

Bakrie Plantations CEO Ambono Janurianto said with the target estimation this year, the company's revenue in 2011 is estimated 30% higher than their position at the end of this year.30% is the minimum target. We sure could be above the figure and more less the same for EBITDA, as he said to the press.The full year target is an increase of 58.22% from Q III/2010 revenue which booked at IDR1.89 trillion.For next year, he continued, Bakrie Plantations might have an additional income source from oleochemicals and palm seedlings sale sectors. Oleochemical business was acquired after the acquisition of Dombamas Grup which partially completed at the third quarter of this year. Palm seedlings sale conducted through company cooperation with Costa Rika-based ASD.Bakrie Plantations Director Howard J. Sargeant said the company is predicted to collect 300,000 tons on CPO sales or rose 50% than 200,000 ton in the end of 2010. The 2010s target is 14.66% higher than 174,417 ton in Q III/2010. (t05/wiw)

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