Jul 14, 2010

Sampoerna Agro to boost CPO 10%

Palm oil company PT Sampoerna Agro Tbk (SGRO) has set a production target of 290,400 tons of CPO in 2010, a 5%-10% higher than realization last year of 264,000 tons.
"We believe the target is achievable because global economy is better," said Sampoerna Agro Corporate Affair Director Hadi Fausan as reported by Investor daily today.
In the first quarter (Q1 2010), Sampoerna Agro produced 41,000 tons of CPO. The company aims to spend capital expenditure of Rp500 billion this year.

Disclosure: No position at the stock mentioned above.

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