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INDONESIA PRESS-BW Plantation spends 40 pct of capex in H1 -Kontan
September 4, 2014 / 1:26 AM / 3 years ago

INDONESIA PRESS-BW Plantation spends 40 pct of capex in H1 -Kontan

Oil palm plantation firm PT BW Plantation spent 280 billion rupiah ($23.8 million) in the first half, or 40 percent of its 2014 capital expenditure target of 700 billion rupiah, said Corporate Secretary Kelik Irwantono.

The amount was mainly spent on maintenance and cultivation, Irwantoro said. The firm had increased its total plantation area by 1,400 hectares until July, representing 35 percent of its 2014 target of 4,000 hectares. (Kontan)

Note: Reuters has not verified this story and does not vouch for its accuracy. (1 US dollar = 11,765 rupiah) (Compiled by Jakarta Newsroom; Editing by Prateek Chatterjee)

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