Jul 14, 2011

Fajar Surya 1H sales increases 24%

Paper packaging producer PT Fajar Surya Wisesa Tbk is reported to book a 24% increase in sales in the first half of the year to Rp2.07 trillion from Rp1.67 trillion a year ago.
The sales was boosted by the increase of production capacity to 1 million tons annually from 700,000 tons, said Director Hadi Rebowo Ongkowidjojo said as quoted by Bisnis Indonesia newspaper today.
The additional capacity is a result of the operational of new paper production machine no. 5 as of December last year. The first half achievement is 48% of the full year target of Rp4.3 trillion. "We still calculate the net profit."

Disclosure: No position at the stock mentioned above.

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