Dec 28, 2010

Nippon Indosari sets Rp780 bio revenue

PT Nippon Indosari Corpindo Tbk (ROTI) is eyeing Rp780 billion revenue in 2011, a 30% increase from this year's target of Rp600 billion.
"As of November, we posted Rp550 billion revenue. We could usually book Rp60 billion additional revenue in a month," said Nippon Indosari Corporate Secretary Arlina Sofia as reported by a local media.
The company estimates to reach Rp600 billion revenue this year, a 23.5% increase from Rp485.9 billion last year. But, she declined to mention the net income target at end of this year.
Nippon Indosari intends to build two or three new bread maker facilities in three cities, Medan, Makassar, and South Jakarta with total investment of Rp160 billion-Rp240 billion. "For one facility, we estimate to spend Rp60 billion-Rp80 billion."

Disclosure: No position at the stock mentioned above.

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