JAKARTA (Yosefardi) – PT Japfa Comfeed Indonesia Tbk (JPFA) allocates capital expenditure (capex) of Rp1.9 trillion for this year, funded by debt instrument issue.
The company allocates Rp600 billion capex for breeding farm and Rp500 billion for building factories for fish and shrimp feeds in Medan and Purwakarta.
The rest of capex will be allocated for count dryer capacity expansion (Rp300 billion) and commercial chicken farm (Rp100 billion).
JPFA targets its revenue to grow by 25% this year, from Rp21.4 trillion last year. In first quarter of this year, JPFA booked net sales of Rp5.67 trillion and net profit of Rp53 billion. Its assets reached Rp14.71 trillion as of March this year.