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Company News
Lautan Luas Prepares Rp.130 Billion Capex
Bisnis Indonesia, page B1 (1-June-2006)
This year, PT Lautan Luas Tbk has a prepared capital expenditure (capex) of around Rp.100 billion - Rp.130 billion to finance numerous expansions such as constructing the company and expanding its distribution network. Out of the total capex, the company will use Rp.50 billion - Rp.80 billion in the country. Other than obtaining it from internal funds, the company has also obtained a loan from the bank. the general meeting of shareholders has agreed to share the dividends as much as Rp.17 per share from last year’s net profit which amounted to Rp.52 billion.
Lautan Luas Expands to Three Countries
Kompas, page 19 (24-February-2006)
PT Lautan Luas Tbk will build two or three chemical material factories abroad. The countries of its choice include China, Vietnam and Thailand. It also plans on building a new factory in Jakarta. The investment needed to build the factory adds up to Rp.50 billion - Rp.100 billion. The fund is derived from internal treasury and loans from local and international banks. At the present, the company already owns three factories in China. By building these new factories, Lautan Luas’ business, with its subsidiaries, can grow 20 percent in 2006.
In 2004, Lautan Luas’ net profit reached Rp.1.71 trillion. Up to September 2005, its total income reached Rp.1.54 trillion. The company's net profit reached 51.916 billion and up to September 2005 was valued at Rp.33.821 billion.
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