HomeNewsVideos

DEAL allocates Rp 200 billion for capital expenditure

04 February 2020 12:55

JAKARTA - PT Dewata Freight International Tbk (DEAL) allocates capital expenditure of Rp 200 billion to purchase a number of vehicles supporting logistical operations this year. Source of capital expenditure funds taken from company cash and loans.

As quoted from the Public Expose Answer Sheet, Monday (3/2), Nofrisel, President Director of PT Dewata Freight International Tbk (DEAL) said that the company hopes for a significant increase in performance this year compared to 2019. "The company will develop the business well through subsidiaries or companies (parent) according to each business plan contained in the long-term plan," he said.

At present, DEAL has initiated six new projects including DFI Logistics, namely the development of an information technology-based logistics ecosystem, the development of a bonded logistics centre in West Java, Dewata Makmur Bersama (DMB), namely the construction of a 10 MW gas engine power plant at the LNG Plant in Sidoarjo, Java East. (LK)

© 2024 - IDN Financials - All Rights Reserved.