JAKARTA (Yosefardi) – PT FKS Multi Agro Tbk (FISH), engages in fishery and animal feed, plans to build new warehouse storage facility in Teluk Lamong (gulf/bay), Surabaya.
FISH partners with state-owned shipping firm PT Pelindo in building this facility with capacity of 100,000 metric tons (MT).
This project will cost US$30 million, funded by company’s internal cash and loan. FISH sold 2.2 MT during 2015, dropped 20% year on year. For this year, FISH expects 5-7% growth in sales.
FISH booked net profit of US$5.32 million in January-September 2015 period, declined 18.15% from US$6.5 million in the same period of 2014.