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Kimia Farma FY10 net income surges 61.44%

JAKARTA: The state-owned pharmaceutical maker PT Kimia Farma Tbk (KAEF) estimated its net income to surge by 61.44% in the end of 2010 to IDR100.9 billion from IDR62.5 billion in the end of 2009.Kimia Farma President Director Kimia Farma Syamsul Arifin

JAKARTA: The state-owned pharmaceutical maker PT Kimia Farma Tbk (KAEF) estimated its net income to surge by 61.44% in the end of 2010 to IDR100.9 billion from IDR62.5 billion in the end of 2009.Kimia Farma President Director Kimia Farma Syamsul Arifin said that such profit jump is expected to realize following the 6.31% revenue jump, from IDR2.85 trillion in 2009 to IDR3.03 trillion in the end of 2010.Meanwhile, this year, the company seeks to record 10.89% revenue growth to IDR3.36 trillion compared to the same period in the previous year.Syamsul said that the company owns three business units, including drug stores, trading and manufacture industry. Until now the contribution from sales is still higher compared to drug stores and trading. For the profit, manufacture industry somehow still dominates.In term of sales, the biggest contributors are trading and distribution while in terms of profit the industrial sector gave the biggest contribution up to 77%, he explained.Based on Bisniss data, the company has already had 400 drug stores across Indonesia. Kimia Farma is also in talks with the Malaysia based pharmacy company, Malaysia Averroes Pharmaceuticals Sdn Bhd merely to expand its business. Such cooperation includes a marketing products process.Corporate Secretary of Kimia Farma, Adhi Nugroho previously said that the company expects such plan to be realized this year. (t02/wiw)

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