Smart Allocates Capital Expenditure US$30 Million Bisnis Indonesia, page B2, 2006-08-02
This year, PT Sinar Mas Agro Resources Tbk (Smart) has allocated capital expenditure funds in the amount of US$25-30 million for the development of a new factory in Kalimantan. Meanwhile, Grup Sinar Mas has development its palm oil field worth US$500 million in the province of West Kalimantan, which will include PT Purimas Sasmitaís new subsidiary who will own 72.63 percent of Smartís shares.
In the first semester of 2006, Smart recorded sales in the amount of Rp2.35 trillion, up compared to the same period of time in 2005 which was Rp2.07 trillion. The companyís net profit increased to Rp371 billion compared to 2005ís Rp14 billion. In 2005, the companyís net profit reached Rp304 billion.
SMART Seeks US$ 150 Million Loan Bisnis Indonesia, page B2, 2006-06-01
PT Smart Corporation Tbk (SMART) decided to allow its subsidiary, Golden Agro Services (GAR), located in Singapore to seek an inter loan company amounting to US$ 150 million.