Nyaman tanpa iklan. Langganan BisnisPro

Bisi's capex more than halved

JAKARTA: PT Bisi International Tbk curbed its capital expenditure for 2011 to IDR25.7 billion or 74.3% smaller than IDR45 billion in 2010.President Director Jemmy Eka Putra stated the smaller allocation is due to less expansion plans as it has settled

JAKARTA: PT Bisi International Tbk curbed its capital expenditure for 2011 to IDR25.7 billion or 74.3% smaller than IDR45 billion in 2010.President Director Jemmy Eka Putra stated the smaller allocation is due to less expansion plans as it has settled all of its debts.The hybrid seeds producer will channeled the fund to maintain its facilities and infrastructure, to purchase a new seed packaging machine and pesticide production machine.The fund will be taken from internal cash.The company targets to reach IDR1 trillion sales in 2011 or 20% higher than IDR894.86 billion in 2010.The improvement is in line with increasing demand for chilly and sweet corn.Higher net profit and revenue targets are also supported by increase in chilly seeds average selling prices at IDR7 million per kilogram and higher average price of hybrid maize at IDR30.000 per kilogram.The company projects to produce 27,000 ton rice and maize seeds this year. Domestic market is its main selling target.Vegetables are also sold to some other countries such as China and India. Export contributes 4%-5% to the total sales.In 1Q/2011, 42% of its revenues came from pesticide, 30% from vegetable seed, 24% from hybrid maize seed, 2% from fertilizer, 1% from hybrid rice seed and the rest are from being developed hybrid seed.Also in 1Q/2011, the company booked IDR234 billion sales from IDR216 billion on the same period last year. However, net profit decreased to IDR41 billion from IDR44 billion.PT Nikko Securities Indonesia's analyst, Theresia Octavia, viewed Bisi could achieve the target.The company's market share is still large. If they expand overseas, revenues can jump due to the rise in commodity prices. (T05/NOM)

Cek Berita dan Artikel yang lain di Google News dan WA Channel


Penulis : News Editor

Topik

Konten Premium

Dapatkan informasi komprehensif di Bisnis.com yang diolah secara mendalam untuk menavigasi bisnis Anda. Silakan login untuk menikmati artikel Konten Premium.

Artikel Terkait

Berita Lainnya

Berita Terbaru

Nyaman tanpa iklan. Langganan BisnisPro

Nyaman tanpa iklan. Langganan BisnisPro

# Hot Topic

Nyaman tanpa iklan. Langganan BisnisPro

Rekomendasi Kami

Nyaman tanpa iklan. Langganan BisnisPro

Foto

Nyaman tanpa iklan. Langganan BisnisPro

Scan QR Code Bisnis Indonesia e-paper