Jun 17, 2010

Sierad Produce eyes Rp3.8 trio sales

Feed mill producer PT Sierad Produce Tbk sets target of net sales and net profit this year to reach Rp3.8 trillion and Rp50 billion.
The sales target is 17% above last year's realization of Rp3.24 trillion, while net profit target is 35% higher than 2009's position of Rp37 billion.
At the end of May 2010, Sierad Produce booked a 110% jump in operating profit compared to the same period last year.
The company posted May 2010's operating profit of Rp28 billion from the same period last year of Rp13 billion.
As of May, Sierad's sales reached Rp1.38 trillion compared to the same period last year of Rp1.23 trillion.
Net profit also increased by 39% from Rp8 billion as of May 2010 from a year before of Rp11 billion.
Sierad Produce booked EBITDA of Rp46 billion, a 53% growth compared to end of May last year of Rp30 billion.

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