MAHKOTA GROUP REAPS PROFITS FROM THE GOVERNMENT'S IMPORT RESTRICTION POLICY PLAN
22 August 2018
KONTAN.CO.ID - JAKARTA. The government's policy to limit imports is predicted to provide positive sentiment for palm oil issuers such as PT Mahkota Group Tbk (MGRO).
Director of PT Mahkota Group Tbk Usli Sarsi said the effect of the government's import restriction policy would provide good and positive sentiment towards MGRO's performance.
According to him, this year MGRO's production target is expected to improve and be able to increase 15% from last year to around 212,000 tons.
With this increase in production, Usli estimates that MGRO's revenue could grow 17.6% to IDR 2 trillion from 1.7 trillion at the end of 2017.
Meanwhile, net profit is expected to rise 194% to IDR 50 billion from IDR 17 billion at the end of last year.
Reporter: Krisantus de Rosari Binsasi
Editor: Herlina Kartika