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Company News
Sumi Indo Will Invest Rp.13 Billion This Year: Bisnis Indonesia, page B2 (17-June-2006) PT Sumi Indo Kabel Tbk will invest as much as Rp.13 billion this year in purchasing new machines to increase its production capacity by 10 percent. The investment will also be used to repair the company’s computer system. The company’s projection this year does not differ as much from last year because it recorded a net sales of Rp.1.42 trillion and net profit of Rp.23.75 billion.
Sumi Indo Kabel Obtained Rp.7.3 Billion in Profit www.sinarharapan.co.id (31-May-2005) In the annual shareholder meeting of PT Sumi Indo Kabel, its shareholders agreed to share 20 percent of the company’s 2004 net profit (for Rp.7 per share) as dividends. In 2004, the company hit the highest sales of Rp.976 billion and acquired Rp.7.3 billion in net profit. The Sumitomo Electric Industries Co. Ltd. Japan-affiliated company’s sales rose by 68 percent in 2004. The sales increase was due to increasing demands, both domestic and foreign, and conducive economical condition.
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