Andira Agro targets Rp 500 billion of sales this year

16 August 2018 14:25

JAKARTA – PT Andira Agro Tbk (ANDI) targets the sales to reach Rp 500 billion by the end of this year. As of March 2018, the net sales of the CPO producer had only reached Rp 72.43 billion.

“Our capital expenditure for this year is ranging from Rp 15 billion to Rp 20 billion and we have absorbed 40% now,” said Kahar Anwar, Director of Andira Agro quoted from Kontan.

The capex will be used for plantation infrastructure, maintenance fee and road construction. 

He revealed that Andira Agro eyes the net profit between 15% and 20% from the sales margin. Until March this year, the company has reached Rp 7.07 billion of net profit. (LM)

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