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AKR Corporindoto to invest US$40 million

JAKARTA: PT AKR Corporindo Tbk is planning to invest US$30 million-US$40 million to several mining and coal logistic infrastructure projects.The fund will be taken from internal cash, Director Vembu Suresh told Bisnis.We have strong cash that is sufficient

JAKARTA: PT AKR Corporindo Tbk is planning to invest US$30 million-US$40 million to several mining and coal logistic infrastructure projects.The fund will be taken from internal cash, Director Vembu Suresh told Bisnis.We have strong cash that is sufficient for investment.In the first half of 2011, AKR booked IDR1.96 trillion net profit, bigger than IDR140.87 billion on the same period last year.The company also booked IDR745.62 million profit from asset sales. (t05/msw)

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