Sierad Produce revenue soars by 32%

JAKARTA: PT Sierad Produce Tbk, Indonesia-based agribusiness company, reported its revenue growth in the first quarter of 2011 by 32%.The revenue soared to IDR1 trillion from IDR758 billion driven up by several divisions.The higher revenue is contributed
Wandrik Panca Adiguna
Wandrik Panca Adiguna - Bisnis.com 31 Mei 2011  |  03:51 WIB

JAKARTA: PT Sierad Produce Tbk, Indonesia-based agribusiness company, reported its revenue growth in the first quarter of 2011 by 32%.The revenue soared to IDR1 trillion from IDR758 billion driven up by several divisions.The higher revenue is contributed by poultry division with IDR991.8 billion, while equipment and other divisions supports with IDR19.49 billion, as affirmed in a disclosure released to public, yesterday.The feed producer also booked net income in the first quarter of 2011 to IDR15.043 billion or equivalent with IDR1.6 per share.Meanwhile, total liabilities also soared by 65% to IDR1.06 trillion from IDR570.8 billion.(t01/wiw)

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