FajarPaper net sales increased by 25 per cent; produces lightweight packaging paper in Indonesia
(Djakarta, Indonesia, Nov. 22, 2016) Capitalising on the success from its new line of lightweight packaging papers, FajarPaper announced a 25% increase in net sales to Rp 4,549 billion ($339 million) and net income of Rp 687 billion ($51 million) for the first nine months of 2016.
Achieving an EBITDA of Rp 950 billion ($70.7 million) and a net income of Rp 687 billion ($51 million) in the first nine months of 2016 is a significant turnaround from 2015, and also marks the continued success of the company in diversifying and improving its product range to support end user customers in Indonesia’s fast moving consumer goods (FMCG) sector, alongside packaging fabricators.
Improved prices have driven the sales growth with new lighter grammage papers now contributing about 30% of total revenues while existing lines also performed well. The nine month results indicate a sustained improvement in profitability.
President Director Yustinus Kusumah said: “This result validates the optimistic outlook we maintained at the beginning of the year, and it endorses our decisions last year to continue to invest in new products and additional capacity.”
FajarPaper is a leading packaging paper manufacturer in Indonesia. For additional information Go To: http://www.fajarpaper.com/ (Source: press release)
Cover Photo courtesy Fajar Paper