Aug 25, 2011

BISI International 1H profit rises 13.21%

PT BISI International Tbk today reported Rp79.80 billion attributable profit for the first 6 months of this year, a 13.21% increase from Rp70.49 billion a year earlier.
Operating profit slightly declined 3.48% to Rp103.58 billion from Rp107.32 billion. BISI booked Rp195.35 billion gross profit in 1H 2011 from Rp173.86 billion.
The company posted a 14.53% increase in net sales to Rp501.31 billion from Rp437.71 billion. BISI is Indonesia’s largest producer of hybrid seeds for corn, rice, and horticulture, a major Indonesian producer of pesticides and a distributor of fertilizer.  The company’s head office is located in Sidoarjo, East Java, with its plants located in Kediri, East Java.
The company was founded by the Charoen Pokphand Group and has an operating track record of more than 25 years. Today, BISI maintains a nationwide operational footprint for research and development, production, marketing, distribution, and sales.
BISI has three subsidiaries, PT Multi Sarana Indotani (MSI) which manufactures pesticides, PT Tanindo Subur Prima (TSP) which distributes and markets the imported horticulture seeds, and PT Tanindo Intertraco (Tinco) which distributes and markets the products of MSI and the Company.

Disclosure: No position at the stock mentioned above.

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