JAKARTA (Yosefardi) – Plantation company PT Tunas Baru Lampung Tbk (TBLA) targets to book revenue of Rp3.8 trillion next year, a 18% growth compared to Rp3.2 trillion targeted for this year.
The company plans to boost its production of fresh fruit bunches (FFB) to 800,000 tons in 2014 from 600,000 tons expected for this year. The FFB production would produce 3000,000 tons of crude palm oil (CPO) next year.
TBLA booked net profit of Rp74.19 billion in first nine months of this year, dropped 66% from Rp217.05 billion in the same period of last year. Net sales declined 15.6% to Rp2.4 trillion from previous Rp2.86 trillion. Its assets totaled Rp6.03 trillion while liability amounted Rp4.2 trillion.