Cigarette maker PT Bentoel Internasional Investama Tbk (RMBA), subsidiary of British American Tobacco Indonesia (BAT), sets capital expenditure of Rp300 billion this year in a bid to prop up expansion of production.
Bentoel Director Chrisdianto in a public expose said around Rp84.31 billion will come from the company's internally generated cash flow.
"We have spent Rp150 billion to purchase new production machinery," he said. During the first three months this year, Bentoel posted a 111.76% jump in net profit to Rp36 billion from a year before of Rp17 billion, underpinned by soaring sales volume to 5.5 billion sticks of cigarette. Revenue rose 53.84% from Rp1.3 trillion for the first three months last year to Rp2 trillion.