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Jakarta Post

Japfa prepares $102m for poultry business

  • Mariel Grazella

    The Jakarta Post

Jakarta   /   Fri, March 22 2013   /  11:01 am

Poultry company PT Japfa Comfeed Indonesia (JPFA) is allotting approximately Rp 1 trillion (US$102 million) for their capital expenditure this year to keep its revenue and profit uptick in line with the industry’s 15 percent growth.

Japfa’s senior vice president, Putut Djagiri, said on Wednesday that this year’s capital expenditure (capex) figure would closely match the Rp 1 trillion disbursed in 2012.

However, the company was eyeing bank loans instead of a bond issuance, a move they made last year, to raise capex funds, he added.

“Although we are still considering the size of bank loans, we estimate that the proportion of bank loans to internal cash would stand at 50:50,” he said, adding that the company possessed roughly Rp 800 billion in internal cash.

The company plans to pour the majority of its expenditure into their poultry business, which con...