JAKARTA (Yosefardi) – PT BW Plantation Tbk (BWPT) sets aside internal cash of Rp270 billion for funding its 2 CPO mills construction, to help boosting CPO production to 210 tons per hour from previous 135 tons.
The company also mulls to issue new shares through private placement for strengthening its capital structure. It plans to issue 405 million new shares, or maximum 10% of its enlarged capital, targets to raise proceeds of Rp300-400 billion.
BWPT booked net profit of Rp108 billion in first nine months of this year, dropped 51.6% from Rp222 billion in the same period of last year. Revenues inched up 2.8% to Rp786 billion.