JAKARTA - PT Japfa Comfeed Indonesia Tbk (JPFA) allocates around Rp 3 trillion for CapEx 2019. The budget is allocated for the poultry business.
Erwin Djohan, Senior Vice President (SVP) of Financial Controller at PT Japfa Comfeed Indonesia Tbk (JPFA) said that the company would allocate the capital expenditure to build warehouses and poultry houses. "We will also spend some on business expansion in poultry and commercial processing," he said in Jakarta.
Putut Djagiri, Head of Finance at PT Japfa Comfeed Indonesia Tbk (JPFA) stated that the source of capital expenditure was from internal cash and loan facilities. "In 2018, we have a higher EBITDA which has strengthened our internal cash flows to support the CapEx," he added.
According to him, the company also has loan facilities last year that have not been used, and will be used as CapEx this year. (LK/AR)