Indofarma Revises Income Target: Bisnis Indonesia, page B1, 2006-03-22
After receiving the order to manufacture Tamiflu from the governemnt, the management of PT Indofarma Tbk has revised its income target this year from Rp720 billion to Rp900 billion. The pharmacy received orders to produce 10-12 million capsules of Tamiflu this year. So far, it has already made 5 million capsules worth Rp80 billion. Although its income may rise, Indofarma predicts that its net profit will not go much higher because the Tamiflu project is not a large order.
KF and Indofarma’s Merger Appraisal Done Bisnis Indonesia, page B1, 2006-02-24
The government might merge two pharmacies, PT Kimia Farma Tbk and PT Indofarma Tbk, following the appraisal of the two pharmacies done by PT Mandiri Sekuritas. The merge of the two companies is considered urgent because AFTA will be opened in 2008. By then, the pharmaceutical companies have to be prepared to compete with the foreign companies.