Profit of PT Toba Pulp Lestari decreases

Asia

Profit of PT Toba Pulp Lestari decreases

14 December, 2020

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The decrease in profit occurred in the middle of the sales expense

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PT Toba Pulp Lestari reported a gross profit of IDR 3.2 million in 2016, according to Economy Okezone.

The decrease in profit occurred amid sales expense and general and administrative expenses of the company which, in 2016, increased to IDR 10.3 million compared to IDR 10.2 million in 2015.

Despite the decline in profits, the company managed to increase its total assets to 1.7 percent reaching the IDR 339.4 million in 2016.

To ensure continuity of operations, PT TPL remains consistent in maintaining ecological and sustainable forest technologies with a focus on training, research and development in all operational activities.

In 2016, the Company planted an area of 12,358 hectares, bringing the total area to 51,656 hectares.

Asia