JAKARTA (Yosefardi) – State plantation firm PT Perkebunan Nusantara (PTPN) III, based in Medan (Sumatera), booked net profit of Rp387 billion in first half of 2014, jumped 250% from Rp110 billion in the same period of 2013.
Net sales rose 27.6% to Rp3.22 trillion from previous Rp2.52 trillion. Cost of goods sold reached Rp2 trillion. Operating profit was Rp553 billion.
Its assets totaled Rp10.78 trillion while liability amounted Rp5.7 trillion. The company has cash and cash equivalent of Rp1.6 trillion.