JAKARTA (Yosefardi) – PT Japfa Comfeed Indonesia Tbk (JPFA) allocates capital expenditure (capex) of Rp3.8 trillion for 2014-2015 period, to fund its aggressive expansion.
The company booked net sales of Rp21.4 trillion in 2013, grew by 20.2% from Rp17.8 trillion in 2012. However, its net profit fell 40% to Rp640 billion from earlier Rp1.07 trillion.
Its assets rose 36% to Rp14.92 trillion while liability jumped 56% to Rp9.67 trillion. It has huge cash of Rp1.74 trillion.
JPFA, through its units PT Japfa Indoland and PT Ciomas Adisatwa, has completed the purchase of 30% shares of PT Jakamitra Indonesia from PT Lautan Luas Tbk. Then Japfa Comfeed wholly owns Jakamitra.