SMART book Rp304 billion profit
PT SMART Tbk, food and agribusiness unit of Sinar Mas Group, booked net profit of Rp304 billion last year against net loss of Rp107 billion in 2004.
According to its published financial report today, SMART recorded sales of Rp4.656 trillion (US$474 million) last year, almost 10% growth from Rp4.274 trillion in 2004. SMART booked gross profit of Rp722.32 billion against Rp616 billion in 2002.
PT Smart Tbk is a subsidiary of Golden Agri-Resources Limited (GAR), one of the largest Singapore's listed oil palm plantations company in the world. This relationship benefits PT SMART with economic of scale in research and development, sourcing of raw material, and access to a wide domestic and international marketing network. GAR is the subsidiary of Asia Food & Properties Ltd controlled by Sinar Mas Group.
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According to its published financial report today, SMART recorded sales of Rp4.656 trillion (US$474 million) last year, almost 10% growth from Rp4.274 trillion in 2004. SMART booked gross profit of Rp722.32 billion against Rp616 billion in 2002.
PT Smart Tbk is a subsidiary of Golden Agri-Resources Limited (GAR), one of the largest Singapore's listed oil palm plantations company in the world. This relationship benefits PT SMART with economic of scale in research and development, sourcing of raw material, and access to a wide domestic and international marketing network. GAR is the subsidiary of Asia Food & Properties Ltd controlled by Sinar Mas Group.
Labels: Sinar Mas
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posted by yosef at 12:59 PM
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