Dynaplast Will Not Share Dividends in Order to Expand Factory Bisnis Indonesia, page B2, 2006-06-23
This year, PT Dynaplast Tbk will not share its dividends because it plans to add an investment of Rp.4 million to expand its plastic packaging in Vietnam. Last year’s unsatisfying performance is also a reason why it will not be sharing dividends. In order to finance the added investment, Dynaplast will use US$ 1 million from internal cash and US$ 3 million from bank loans. A foreign bank that has disbursed credit to the company is UOB Singapore. With the added investment, the factory in Vietnam is estimated to donate around 7-8 percent of the total income of Dynaplast. Last year, the factory only donated 3 percent to the income whereas one factory in Thailand and 10 factories in Indonesia donated 17 percent and 80 percent.
Dynaplast has targeted sales in 2006 to rise 15 percent from last year’s sales, which reached Rp.886.19 billion, up from 2004’s sales of Rp.741.44 billion. Last year, the company booked a decrease in operational costs to Rp.54.4 billion from Rp.99.04 billion in 2004. As a result, its net profit also decreased to Rp.20.61 billion in 2005 compared to Rp.47.63 billion.
Dynaplast Converts Rupiah Debts to Baht Bisnis Indonesia, page B1, 2006-06-07
PT Dynaplast Tbk used its debt worth Rp.50 billion to finance the building of its factory in Thailand. This loan has been converted to Baht for financing efficiency.
This year, the company is optimistic its Rp.1 trillion target can be reached.