Ekadharma eyes 32% revenue jump

JAKARTA: Indonesias largest plaster manufacturer, PT Ekadharma International Tbk seeks to pack IDR336 billion revenue this year or soars by 32.3% compared to 2010 at IDR254 billion.The company also scouts IDR28 billion net income or surges by 16.6% compared to the previous year, amounting to IDR24 billion.In order to realize such target, the company shall open new marketing network, valuing IDR2 billion, said Ekadharma Finance Director Lie Ping.The financing resources of this new marketing establishment are a combination between internal source and loan, he said to Bisnis last week.Nevertheless, he declined to specify the portion of each loan and internal source in such financing. Lie also added that Ekadharma has allocated IDR8 billion for routine capital expenditure. Such capex will be utilized to purchase fixed assets and other needs.This routine capex will be derived from internal cash and loan, he said.The company whose stock code is EKAD has bagged IDR85.19 billion net sale as per 1Q/2011 or surged by 25.5% compared to the same period in 2010, reaching IDR67.88 billion.Ekadharmas net income also soared by 36.5% to IDR10.70 billion compared to the same period last year at IDR7.84 billion.Citatahs capexIn the meantime, listed mining company and marble producer, PT Citatah Tbk has prepared US$1.5 million or around IDR13.5 billion capex merely to boost its production capacity to 24,000 cubic meters.The listed marble producer expects to record a sale growth on its overseas market. Currently, Citatah provides services to Asia Pacific and US markets.We set investment value at US$1.5 million, said the management through an official release last week.Citatah also invested in IDR20 billion marble mining at Kupang.This year, Citatah targets 20% revenue growth, from IDR152.56 billion as per December 2010 to IDR183.07 billion as it also expects its net income to reach IDR14 billion or soars grows by 9.55% compared to last years, IDR12.78 billion. (t02/wiw)