Jun 20, 2011

Mayora eyes 19.36% increase in sales

PT Mayora Indah Tbk (MYOR), food products maker, plans to increase its sales to increase 19.36% to Rp8.36 trillion from last year of Rp7.22 trillion, reflecting a 51.22% jump from 2009's sales.
To reach the sales target this year, as quoted by Kontan daily today, Mayora will be supported by additional production capacity.
"This year will see additional production capacity of 20%," said Commissioner Mayora Hermawan Lesmana said on Friday last week.
The company will establish two production facilities in Tangerang with total investment of Rp700 billion. The additional capacity is expected to accomplish by end of 2011.
With the additional capacity, Mayora will grow 20%-30%. In line with the higher sales, Mayora is eyeing a 4.39% increase in net profit this year to Rp505.34 billion from Rp484.09 billion last year.

Disclosure: No position at the stock mentioned above.

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