JAKARTA (Yosefardi) – Seeds producer PT BISI International Tbk (BISI) targets its net profit and sales to grow by 25% this year, to Rp127 billion and Rp1.06 trillion each.
Corn seeds is expected to contribute 40% revenues, pesticide to contribute 35% and fertilizer products to contribute 25%.
BISI, through MSI, has also begun land clearing process to build new pesticide plant.
BISI booked net profit of Rp28.2 billion in first quarter of this year on net sales of Rp257.23 billion. Its assets totaled Rp1.7 trillion while liability amounted Rp210.8 billion.