JAKARTA (Yosefardi) – Plantation company PT Tunas Baru Lampung Tbk (TBLA) booked net profit of Rp437 billion in 2014, jumped 404% from Rp87 billion in 2013.
Revenues rose 71% to Rp6.34 trillion from previous Rp3.7 trillion. Operating profit grew by 61% to Rp795 billion from earlier Rp493 billion.
Its assets reached Rp7.33 trillion while liability amounted Rp4.86 trillion. The company has cash and cash equivalent of Rp519.69 billion.
The company allocates capex of Rp1.2 trillion for this year. TBLA plans to build sugar mill in Lampung, cooking oil mill, and biodiesel factory. (rully@yosefardi.biz)